Cardano Experiences 10.13% Decline During Selloff

On Monday, Cardano was trading at $0.10174 at 18:37 (22:37 GMT), reflecting a decline of 10.13% for the day. This significant drop marked the largest daily percentage loss since July 20.

As a result of this downturn, Cardano’s market capitalization fell to $2.69 billion, accounting for approximately 1.32% of the total cryptocurrency market capitalization. At its peak, Cardano’s market cap had reached $23.92 billion.

In the previous 24 hours, Cardano’s price fluctuated between $0.10159 and $0.11400. Over the past week, the cryptocurrency has experienced a notable decline of 20.19%. During the same 24-hour period, trading volume for Cardano reached $53.83 million, representing 0.45% of the overall trading volume across all cryptocurrencies. In the last week, its trading range has been between $0.10159 and $0.13225.

Currently, Cardano is down 92.46% from its all-time high of $1.35 achieved on January 4.

In related cryptocurrency trading, a notable cryptocurrency was last recorded at $6,252.7, showing a decrease of 1.82% for the day. Another cryptocurrency was trading at $283.89, reflecting a loss of 12.94%.

Bitcoin’s market capitalization was approximately $108.05 billion, making up 52.93% of the total cryptocurrency market cap, while Ethereum had a market cap of around $29.06 billion, constituting 14.23% of the overall cryptocurrency market value.