Cardano falls 17% in a bearish trade By

Cardano drops 17% in bearish trade – Cardano was trading at $0.5187 at 07:14 (12:14 GMT) on the Index on Wednesday, down 17.04% on the day. It was the largest one-day percentage loss since May 11, 2022.

The downward move pushed Cardano’s market capitalization to $21.1343 billion, or 1.25% 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 $0.5013 to $0.6185 in the previous twenty-four hours.

In the last seven days, Cardano has seen a drop in value as it lost 2.32%. The volume of Cardano traded in the twenty-four hours up to the time of writing was $558.4998 million or 0.76% of the total volume of all cryptocurrencies. It has traded in a range of $0.5013 to $0.6760 in the last 7 days.

At its current price, Cardano is still 83.26% below its all-time high of $3.10 set on September 2, 2021.

Elsewhere in cryptocurrency trading

Bitcoin was last trading at $41,629.2 on the index, down 6.59% on the day.

Ethereum was trading at $2,163.69 on the index, a loss of 7.56%.

Bitcoin’s market capitalization last stood at $857.4156 billion or 50.80% of the total cryptocurrency market capitalization, while Ethereum’s market capitalization rose to $277.6119 billion dollars or 16.45% of the total value of the cryptocurrency market.

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