Cardano Declines 10.37% Amid Bearish Trading

Cardano was trading at $0.09896 around 19:29 (23:29 GMT) on Saturday, reflecting a decline of 10.37% for the day. This marked its largest single-day percentage drop since July 20.

This downward trend reduced Cardano’s market capitalization to $2.61 billion, constituting 1.22% of the total cryptocurrency market cap. At its peak, Cardano’s market value soared to $23.92 billion.

In the previous twenty-four hours, Cardano’s trading range fluctuated between $0.09544 and $0.11234. Over the last week, Cardano’s value has decreased by 11.47%. During the past twenty-four hours, trading volume reached $103.06 million, accounting for 0.74% of the total cryptocurrency trading volume. In the past week, it traded between $0.08434 and $0.11417.

Currently, Cardano is down 92.67% from its all-time high of $1.35, which was achieved on January 4.

### Other Cryptocurrency Updates

In other cryptocurrency trading news, a certain asset was last recorded at $6,405.90, down 2.6% for the day. Another asset was trading at $294.59, reflecting a loss of 7.03%.

Bitcoin’s market capitalization stood at $110.76 billion, representing 51.90% of the overall cryptocurrency market cap. Meanwhile, Ethereum’s market cap totaled $30.15 billion, making up 14.13% of the total market value.