Cardano Falls 10% In Rout
Investing.com – was trading at $0.5314 by 09:42 (13:42 GMT) on the Investing.com Index on Wednesday, down 10.07% on the day. It was the largest one-day percentage loss since May 11.
The move downwards pushed Cardano’s market cap down to $18.2311B, or 1.44% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.
Cardano had traded in a range of $0.5313 to $0.5859 in the previous twenty-four hours.
Over the past seven days, Cardano has seen a drop in value, as it lost 5.88%. The volume of Cardano traded in the twenty-four hours to time of writing was $893.8929M or 1.12% of the total volume of all cryptocurrencies. It has traded in a range of $0.4029 to $0.6123 in the past 7 days.
At its current price, Cardano is still down 82.85% from its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
was last at $29,296.9 on the Investing.com Index, down 4.21% on the day.
was trading at $1,982.99 on the Investing.com Index, a loss of 5.57%.
Bitcoin’s market cap was last at $562.7191B or 44.49% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $241.3273B or 19.08% of the total cryptocurrency market value.