Key Moments
- Cardano (ADA) declined 10.62% to $0.4231 on Thursday, marking its steepest one-day drop since October 10.
- Cardano’s market capitalization fell to $15.1934B, remaining 86.35% below its $3.10 all-time high.
- Bitcoin and Ethereum also moved lower, with Bitcoin down 2.63% at $90,182.6 and Ethereum off 4.51% at $3,196.72.
Cardano Extends Losses After Sharp Daily Drop
Cardano was quoted at $0.4231 by 04:00 (09:00 GMT) on the Investing.com Index on Thursday, registering a 10.62% decline for the session. This marked the largest single-day percentage loss for the token since October 10.
The selloff drove Cardano’s market capitalization down to $15.1934B, representing 0.49% of the total cryptocurrency market value. At its peak, Cardano’s market capitalization had reached $94.8001B.
Recent Trading Range and Weekly Performance
During the previous twenty-four hours, Cardano traded within a price band of $0.4217 to $0.4549.
On a seven-day basis, Cardano has also been under pressure, losing 5.6% over that period. Trading activity remained notable, with $1.1231B worth of Cardano changing hands in the twenty-four hours to the time of writing, equal to 0.71% of the total trading volume across all cryptocurrencies.
Over the past 7 days, Cardano’s price fluctuated between $0.4067 and $0.4838.
Distance From All-Time High
At its latest quoted level, Cardano remains sharply below its record price. The token is down 86.35% from its all-time high of $3.10, which was set on September 2, 2021.
Market Snapshot: Bitcoin and Ethereum
Weakness in Cardano occurred alongside broader softness across major cryptocurrencies.
| Asset | Price (Investing.com Index) | Daily Change | Market Cap | Share of Total Crypto Market Cap |
|---|---|---|---|---|
| Cardano | $0.4231 | -10.62% | $15.1934B | 0.49% |
| Bitcoin | $90,182.6 | -2.63% | $1,800.2617B | 58.62% |
| Ethereum | $3,196.72 | -4.51% | $385.8612B | 12.56% |
Bitcoin was last quoted at $90,182.6 on the Investing.com Index, down 2.63% on the day. Ethereum traded at $3,196.72 on the same index, reflecting a 4.51% decline.
Bitcoin’s market capitalization stood at $1,800.2617B, accounting for 58.62% of the total cryptocurrency market cap. Ethereum’s market capitalization totaled $385.8612B, equivalent to 12.56% of the overall market value.
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