Cardano Drops 10% and Market Cap Declines

On Monday, Cardano’s price fell to $0.3271, reflecting a 10.27% decrease from the previous day. This marks the largest single-day percentage loss for Cardano since July 4.

The decline has pushed Cardano’s market cap down to $12.24 billion, now making up just 0.61% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8 billion. Over the past 24 hours, Cardano’s trading range was between $0.3269 and $0.3458.

Cardano Declines 17% Over the Week, Bitcoin and Ethereum Prices Fall

In the past week, Cardano’s value has dropped by 17.55%. The trading volume for Cardano in the last 24 hours was $330.62 million, making up 0.41% of the total cryptocurrency trading volume. Its price has ranged between $0.3269 and $0.4077 over the past seven days. Currently, Cardano is down 89.44% from its all-time high of $3.10, reached on September 2, 2021.

Bitcoin is trading at $55,864.40, reflecting an 8.03% drop for the day. Ethereum is priced at $2,515.79, down 13.68% on the day. Bitcoin’s market cap stands at $1.12 trillion, which is 55.39% of the total cryptocurrency market cap. Ethereum’s market cap is $315.77 billion, representing 15.64% of the total market value.

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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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