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Cardano Sees Significant Price Drop Amid Market Downturn

Cardano's price fell sharply, down 10.26% in one day, marking its largest single-day loss since April 6. Its market cap dropped to $20.97B, while Bitcoin and Ethereum also saw declines.
Published on 2025-04-06

Cardano's Recent Performance

Cardano (ADA) experienced a notable decline in value, trading at $0.5855 on the Investing.com Index as of Sunday. This represented a 10.26% drop, its largest single-day percentage loss since April 6. The cryptocurrency's market cap fell to $20.9734B, accounting for 1.10% of the total cryptocurrency market.

Over the past 24 hours, Cardano's price fluctuated between $0.5855 and $0.6550. In the last seven days, it has lost 11.22% of its value. The trading volume for Cardano in the past 24 hours was $601.1843M, representing 0.25% of the total volume across all cryptocurrencies. Over the past week, the price ranged from $0.5853 to $0.7071.

Cardano is currently 81.11% below its all-time high of $3.10, reached on September 2, 2021.

Broader Cryptocurrency Market

The downturn in Cardano's price was part of a broader market decline. Bitcoin, the leading cryptocurrency, was trading at $78,755.5, down 5.16% on the day. Its market cap stood at $1,583.3943B, representing 83.12% of the total cryptocurrency market.

Ethereum, the second-largest cryptocurrency by market cap, also saw a significant drop. It was trading at $1,603.31, down 10.62%. Ethereum's market cap was $197.0417B, or 10.34% of the total cryptocurrency market value.

The recent price movements highlight the ongoing volatility in the cryptocurrency market, with major coins experiencing notable fluctuations in value.

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