Cardano Falls 11% in Bearish Trade

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Investing.com – At 21:43 (01:43 GMT) on Tuesday, the Investing.com Cardano index was trading at USD 0.3706, down 11.06% on the day. It was the largest one-day percentage loss since April 13.

The downward move saw Cardano’s market capitalization drop to $13.8641 billion, or 0.59% of the total cryptocurrency market capitalization. At its peak, Cardano’s market capitalization was $94.8001 billion.

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Cardano’s quotes have ranged from $0.3706 to $0.4024 over the past twenty-four hours.

Over the last seven days, Cardano has seen a decline in value as it has lost 11.98%. Cardano’s trading volume in the twenty-four hours of this writing was $424.2468 million, or 0.51% of the total volume of all cryptocurrencies. Over the last 7 days, the price has fluctuated between USD 0.3690 and USD 0.4444.

At its current price, Cardano is still down 88.04% from its all-time high of $3.10 set on September 2, 2021.

Elsewhere in cryptocurrency trading

Bitcoin was last on the Investing.com index at $65,240.8, down 1.86% on the day.

Ethereum’s value in the Investing.com index was $3,401.90, representing a loss of 5.79%.

Bitcoin’s market capitalization recently stood at $1,290.7200 billion, or 54.70% of the cryptocurrency’s total market capitalization, while Ethereum’s market capitalization stood at $421.1722 billion, or 17.85% of the total cryptocurrency market value.

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