Cardano Price Plummets 10.20% in Largest Single-Day Drop Since February
Cardano's Sharp Decline
Cardano's price dropped to $0.5954, experiencing a 10.20% loss, its largest single-day drop since February 24. This decline reduced its market cap to $21.1094B, representing 0.79% of the total cryptocurrency market. Over the past 24 hours, Cardano traded between $0.5912 and $0.6464. The past week saw a 25.3% decrease, with a trading volume of $869.2648M, or 0.59% of the total crypto volume. Cardano remains 80.79% below its September 2021 all-time high of $3.10.
Bitcoin and Ethereum's Performance
Bitcoin fell 6.91% to $79,953.1, while Ethereum dropped 9.23% to $2,124.78. Bitcoin's market cap stands at $1,595.3999B, or 59.80% of the total crypto market, and Ethereum's at $257.3221B, or 9.65%.
Market Overview
The cryptocurrency market faces a downturn, with major coins like Cardano, Bitcoin, and Ethereum experiencing significant losses. Investors should stay informed as market dynamics continue to shift rapidly.
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