Cardano Declines 10% Amid Selloff

Cardano was trading at $0.3658 as of 19:39 (23:39 GMT) on Thursday, experiencing a decline of 10.10% for the day, marking its largest single-day percentage drop since July 4.

This downturn caused Cardano’s market capitalization to fall to $13.27 billion, representing 0.63% of the overall cryptocurrency market cap. At its peak, Cardano’s market value reached $94.80 billion.

In the last twenty-four hours, Cardano’s price fluctuated between $0.3657 and $0.4137. Over the week, the cryptocurrency has seen a 5.15% decrease in value. The trading volume for Cardano in the last twenty-four hours was approximately $581.79 million, accounting for 0.63% of the total volume across all cryptocurrencies. In the past week, it has traded within a range of $0.3657 to $0.4230.

Currently, Cardano’s price is down by 88.20% from its all-time high of $3.10, which was reached on September 2, 2021.

Other Developments in Cryptocurrency Trading

Bitcoin is currently priced at $57,646.3, down 4.21% for the day.

Ethereum is trading at $3,094.28, reflecting a decrease of 6.28%.

Bitcoin’s market capitalization stands at approximately $1.14 trillion, making up 53.82% of the total cryptocurrency market cap. Meanwhile, Ethereum’s market cap is around $373.75 billion, representing 17.62% of the total market value in the cryptocurrency sector.