Cardano Falls 11% in Bearish Trade
At its highest, Cardano's market cap was $94.8 billion. However, on Tuesday night, Cardano was trading at $0.3706 by 21:43 (01:43 GMT), down 11.06% for the day. This was the largest one-day percentage loss since April 13.
Market Impact
This downward movement pushed Cardano's market cap down to $13.8641 billion, representing 0.59% of the total cryptocurrency market cap. At its peak, Cardano boasted a market cap of $94.8 billion.
Trading Range
In the past 24 hours, Cardano traded within a range of $0.3706 to $0.4024. Over the last seven days, Cardano saw a decline in value, losing 11.98%.
Trading Volume
The volume of Cardano traded in the past 24 hours was approximately $424.2468 million, making up 0.51% of the total trading volume of all cryptocurrencies. In the past week, Cardano traded in a range of $0.3690 to $0.4444.
All-Time High
At its current price, Cardano is down 88.04% from its all-time high of $3.10, set on September 2, 2021.
Other Cryptocurrencies
Bitcoin was last at $65,240.8, down 1.86% for the day. Meanwhile, Ethereum was trading at $3,401.90, experiencing a loss of 5.79%.
Bitcoin Market Cap
Bitcoin's market cap was last recorded at $1,290.7200 billion, representing 54.70% of the total cryptocurrency market cap.
Ethereum Market Cap
Ethereum's market cap totaled $421.1722 billion, accounting for 17.85% of the total cryptocurrency market value.
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