Cardano plunged 10.76% on Friday, falling to $0.6236 by 20:36 (00:36 GMT) on the Investing.com Index — its steepest single-day decline since April 6.
This sharp downturn reduced Cardano’s market capitalization to $22.75 billion, representing just 0.70% of the total cryptocurrency market. At its peak, Cardano’s market cap reached $94.80 billion.
In the preceding 24 hours, Cardano traded within a tight range between $0.6236 and $0.6608. Despite Friday’s drop, the cryptocurrency posted a 3% gain over the past seven days. Trading volume for Cardano in the last 24 hours was $742.59 million, accounting for 0.56% of the total crypto market volume. Over the week, Cardano’s price fluctuated between $0.6236 and $0.7308.
Nonetheless, Cardano remains significantly below its all-time high of $3.10, set on September 2, 2021 — down nearly 80%.
Wider Market Context
Bitcoin also saw a decline, slipping 4.94% to $103,337.40. Ethereum dropped 9.52% to $2,511.49.
Bitcoin’s market cap currently stands at $2.08 trillion, representing 63.82% of the overall cryptocurrency market, while Ethereum holds 9.53% with a market cap of $310.57 billion.
The significant losses across major cryptocurrencies highlight ongoing market volatility amid uncertain economic conditions.
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