Investing.com Reports a 10.06% Decline in Cardano Amidst Bearish Market Conditions

Cardano Declines by 10.06% Amidst Negative Market Sentiment

Investing.com – At 08:37 (08:37 GMT) Friday, Cardano’s value on the Investing.com Index receded to $0.7051, registering a 10.06% drop for the day. This decrease marked the steepest single-day loss since December 16, 2022.

The downward movement caused Cardano’s market valuation to slump to $25.7123B, which made up 0.99% of the aggregate cryptocurrency market capitalization. Cardano’s market valuation peak was $94.8001B.

In the last 24 hours, Cardano’s price fluctuated between $0.7030 and $0.7641.

With only a 1.28% change over the previous week, Cardano has displayed a relatively flat performance. The trading volume over the last 24 hours was tallied at $1.8161B, constituting 0.92% of all cryptocurrencies’ combined volumes. The price ranged from $0.6880 to $0.8097 in the past week.

Cardano currently trades at a 77.25% deficit from its all-time high of $3.10 recorded on September 2, 2021.

Cryptocurrency Market Overview

As of the last update, Bitcoin was positioned at $67,845.2 on Investing.com Index, having descended by 7.59% for the day.

Ethereum experienced a downturn, trading at $3,699.43 on Investing.com Index, down by 6.66%.

Bitcoin’s market cap stood at $1,339.3475B, which is 51.56% of the overall market cap, with Ethereum’s market valuation contributing $448.8158B or 17.28% to the total market cap value.