Cardano Drops 10% Amid Bearish Trading

Investing.com reported that Cardano was trading at $0.051838 at 10:45 AM (14:45 GMT) on Thursday, reflecting a decline of 10.04% for the day. This marked the largest single-day percentage drop since March 16.

As a result of this decline, Cardano’s market capitalization fell to $1.38498 billion, which is approximately 0.00% of the overall cryptocurrency market cap. At its peak, Cardano’s market cap reached $23.917 billion.

In the last 24 hours, Cardano’s trading has been within a range of $0.051838 to $0.057554. Over the past week, however, Cardano has experienced a price increase of 4.52%. The trading volume during the 24 hours leading up to the current time was $218.62665 million, accounting for 0.00% of the total cryptocurrency trading volume. In the previous week, Cardano traded between $0.0498 and $0.0576.

Currently, Cardano is down 96.16% from its all-time high of $1.35, which was recorded on January 4, 2018.

### Cryptocurrency Market Update

In other cryptocurrency trading news, another cryptocurrency was priced at $9,016.6, down 8.31% for the day. Another digital asset was trading at $198.11, representing a decline of 7.94%.

Bitcoin’s market capitalization was reported at $168.09956 billion, while Ethereum’s market cap stood at $22.44967 billion, each contributing to the total cryptocurrency market value.