Cardano faced a notable setback in its market performance, trading at $0.5308 as of 13:13 (18:13 GMT) on the Index, marking a substantial 10.25% decrease for the day. This downturn stands as the most significant one-day percentage loss since December 11.
The decline impacted Cardano’s market capitalization, reducing it to $19.0921B, equivalent to 1.23% of the total cryptocurrency market cap. In contrast, the cryptocurrency had previously achieved a market cap peak of $94.8001B.
Within the preceding twenty-four hours, Cardano fluctuated within a range of $0.5250 to $0.5978. Despite the recent setback, Cardano exhibited a 35.27% increase in value over the past week. The trading volume for Cardano in the twenty-four hours leading up to the reported time was $1.2689B, representing 1.48% of the total volume across all cryptocurrencies. Throughout the last seven days, Cardano’s trading range spanned from $0.3971 to $0.6459.
At its present value, Cardano still registers an 82.87% decrease from its all-time high of $3.10 recorded on September 2, 2021.
In the broader cryptocurrency landscape, Bitcoin demonstrated a 6.68% decrease, trading at $40,892.0 on the Index. Ethereum, too, faced a loss, trading at $2,186.07 and experiencing a decline of 6.79%.
Bitcoin’s market cap stood at $809.0785B, constituting 52.15% of the total cryptocurrency market cap. Meanwhile, Ethereum’s market cap totaled $264.9466B, representing 17.08% of the overall cryptocurrency market value.