Cardano Plunges 30.98% Amid Selloff

Cardano was trading at $0.08538 at 22:05 (02:05 GMT) on Tuesday, marking a significant drop of 30.98% for the day, which is its largest single-day percentage loss to date.

This decline resulted in Cardano’s market capitalization decreasing to $2.33 billion, representing 1.21% of the total cryptocurrency market cap, compared to its peak market cap of $23.92 billion.

In the last twenty-four hours, Cardano’s trading range was between $0.08536 and $0.10117. Over the past week, the cryptocurrency has experienced a substantial decrease in value, with a 30.66% loss. In the twenty-four hours leading up to the current time, the trading volume for Cardano was $75.98 million, accounting for 0.59% of the total cryptocurrency trading volume. Its trading range over the past week was between $0.08536 and $0.12618.

Currently, Cardano is trading 93.68% lower than its all-time high of $1.35 reached on January 4.

In the broader cryptocurrency market, another cryptocurrency was trading at $5,946.9, down 6.38% on the day. Additionally, one more cryptocurrency was priced at $252.55, reflecting a loss of 26.29%.

Bitcoin’s market capitalization stands at approximately $105.12 billion, which is 54.69% of the total cryptocurrency market cap, while Ethereum’s market cap is around $26.44 billion, or 13.76% of the overall market value of cryptocurrencies.