Investing.com Reports a 10.85% Decline in Cardano Amidst Bearish Market Conditions

Cardano Suffers 10.85% Decline Amid Downturn

Investing.com – As of 05:48 (05:48 GMT) Tuesday, Cardano’s value dipped to $0.6185 on the Investing.com Index, representing a 10.85% decrease for the day. This was the steepest single-day decline since December 16, 2022.

This downward trend has brought Cardano’s market capitalization to $22.2889B, accounting for 0.91% of the total market cap of cryptocurrencies. Cardano’s market cap once peaked at $94.8001B.

Within the last day, Cardano’s value fluctuated between $0.6184 and $0.6659.

Cardano has experienced a decline over the previous week, dropping 17.8% in value. The trading volume of Cardano over the last day was $881.0385M, which is 0.57% of the aggregate trading volume of all cryptocurrencies. Its value ranged from $0.6184 to $0.8097 over the past week.

Currently, Cardano’s price remains 80.04% lower than its all-time high of $3.10, reached on September 2, 2021.

Crypto Market Update

Bitcoin last traded at $64,673.1 according to the Investing.com Index, with a 5.82% decline for the day.

Ethereum’s trading price was listed at $3,357.86 on the Investing.com Index, marking a 7.60% decrease.

The market cap of Bitcoin was at $1,275.5590B, constituting 52.26% of the total cryptocurrency market cap. Ethereum’s market capitalization was $405.1558B, or 16.60% of the total cryptocurrency market value.