Cardano Drops 10% Amid Market Sell-off, According to Investing.com

Investing.com – By 07:44 (12:44 GMT) on Sunday, Cardano’s value had dropped to $0.9589 on the Investing.com Index, marking a sharp 10.02% decline for the day. This was the steepest single-day drop since November 24.

This downward trend caused Cardano’s market capitalization to fall to $34.6849B, accounting for 1.82% of the entire market cap of cryptocurrencies. Cardano’s market cap peaked at $94.8001B.

Within the last 24 hours, Cardano has been trading between $0.9589 and $1.0968.

Reflecting on the past week, Cardano has experienced a significant appreciation, surging 38.47%. The trading volume for Cardano over the last day reached $4.3174B, which is 1.81% of the combined trading volume of all cryptocurrencies. Its value has oscillated between $0.7017 to $1.1467 over the previous seven days.

Despite recent gains, Cardano’s current price represents a 69.06% decline from its all-time high of $3.10, achieved on September 2, 2021.

In other cryptocurrency market news

Bitcoin was last seen trading at $96,570.3 on the Investing.com Index, down by 2.09% today.

Ethereum’s current trading price stood at $3,302.63 on the Investing.com Index, marking a 2.90% decline.

Bitcoin’s market cap is presently at $1,915.9357B, which is 100.58% of the total market cap of cryptocurrencies. Meanwhile, Ethereum’s market capitalization is at $399.0985B, representing 20.95% of the total market value of cryptocurrencies.