Cardano Falls 10.25% In Bearish Trade
Cardano was trading at $0.09707 by 09:00 (13:00 GMT) on the Investing.com Index on Thursday, down 10.25% on the day. It was the largest one-day percentage loss since August 18.
The move downwards pushed Cardano’s market cap down to $2.54B, or 1.15% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $23.92B.
Cardano had traded in a range of $0.09674 to $0.10753 in the previous twenty-four hours.
Over the past seven days, Cardano has seen a rise in value, as it gained 7.89%. The volume of Cardano traded in the twenty-four hours to time of writing was $86.54M or 0.66% of the total volume of all cryptocurrencies. It has traded in a range of $0.09056 to $0.10910 in the past 7 days.
At its current price, Cardano is still down 92.81% from its all-time high of $1.35 set on January 4.
Elsewhere in cryptocurrency trading
Bitcoin was last at $6,846.5 on the Investing.com Index, down 3.66% on the day.
Ethereum was trading at $276.07 on the Investing.com Index, a loss of 7.02%.
Bitcoin’s market cap was last at $118.50B or 53.57% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $28.18B or 12.74% of the total cryptocurrency market value.