Cardano drops 11% in defeat
Investing.com – Cardano was trading at $0.6185 at 01:48 (05:48 GMT) on Tuesday's Investing.com Index, down 10.85% on the day. It was the largest one-day percentage loss since December 16, 2022.
The downward move pushed Cardano's market capitalization to $22.2889 billion, or 0.91% of the total cryptocurrency market capitalization. At its highest point, Cardano's market capitalization was $94.8001 million.
Cardano had traded in a range of $0.6184 to $0.6659 in the previous twenty-four hours.
In the last seven days, Cardano has seen a drop in value as it lost 17.8%. The volume of Cardano traded in the twenty-four hours up to the time of writing was $881.0385 million or 0.57% of the total volume of all cryptocurrencies. It has traded in a range of $0.6184 to $0.8097 in the last 7 days.
At its current price, Cardano is still 80.04% below its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last trading at $64,675.4 on the Investing.com index, down 5.82% on the day.
Ethereum was trading at $3,357.92 on the Investing.com index, a loss of 7.60%.
Bitcoin's market capitalization last stood at $1,275.5590 billion or 52.26% of the total cryptocurrency market capitalization, while Ethereum's market capitalization rose to $405.1558 billion dollars or 16.60% of the total value of the cryptocurrency market.
