Cardano Plummets 20.77% in Bearish Trade

On Tuesday, Cardano was trading at $0.09264, experiencing a significant drop of 20.77% by 20:35 (00:35 GMT). This marked its largest single-day percentage loss since January 16.

This decline has reduced Cardano’s market capitalization to $2.49 billion, representing 1.24% of the total cryptocurrency market cap, while it once reached a peak of $23.92 billion.

In the preceding twenty-four hours, Cardano’s price fluctuated between $0.09264 and $0.10117. Over the last week, it has lost 25.98% of its value, with trading volume during the past day totaling $62.07 million, or 0.50% of the overall cryptocurrency trading volume. For the past seven days, its trading range has been between $0.09264 and $0.12618.

Currently, Cardano is down 93.14% from its all-time high of $1.35, which was achieved on January 4.

In other cryptocurrency trading news, Bitcoin was last priced at $6,184.2, representing a 2.07% decrease. Additionally, another cryptocurrency was trading at $270.71, reflecting a loss of 17.55%. Bitcoin’s market capitalization stood at $107.94 billion, accounting for 53.62% of the total cryptocurrency market cap, while Ethereum’s market cap was at $28.24 billion, making up 14.03% of the overall market value.