Cardano Falls 11% In Bearish Trade
Investing.com – Cardano was trading at $0.3255 by 20:11 (00:11 GMT) on the Investing.com Index on Saturday, down 11.48% on the day. It was the largest one-day percentage loss since December 16, 2022.
The move downwards pushed Cardano’s market cap down to $11.5003B, or 0.95% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.
Cardano had traded in a range of $0.3249 to $0.3278 in the previous twenty-four hours.
Over the past seven days, Cardano has seen a rise in value, as it gained 15.57%. The volume of Cardano traded in the twenty-four hours to time of writing was $853.4398M or 1.51% of the total volume of all cryptocurrencies. It has traded in a range of $0.2787 to $0.3779 in the past 7 days.
At its current price, Cardano is still down 89.50% from its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $30,282.4 on the Investing.com Index, down 3.70% on the day.
Ethereum was trading at $1,933.30 on the Investing.com Index, a loss of 3.56%.
Bitcoin’s market cap was last at $589.2969B or 48.49% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $233.0548B or 19.18% of the total cryptocurrency market value.
This story originally appeared on Investing
