Cardano Falls 12% In Rout
Investing.com – was trading at $0.4709 by 22:31 (02:31 GMT) on the Investing.com Index on Monday, down 11.83% on the day. It was the largest one-day percentage loss since June 1.
The move downwards pushed Cardano’s market cap down to $15.8767B, or 1.53% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.
Cardano had traded in a range of $0.4618 to $0.4977 in the previous twenty-four hours.
Over the past seven days, Cardano has seen a drop in value, as it lost 20.72%. The volume of Cardano traded in the twenty-four hours to time of writing was $1.6102B or 1.71% of the total volume of all cryptocurrencies. It has traded in a range of $0.4618 to $0.6670 in the past 7 days.
At its current price, Cardano is still down 84.80% from its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
was last at $25,753.6 on the Investing.com Index, down 5.87% on the day.
was trading at $1,360.95 on the Investing.com Index, a loss of 10.01%.
Bitcoin’s market cap was last at $489.1718B or 47.20% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $164.0894B or 15.83% of the total cryptocurrency market value.
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