Cardano Falls 17% In Bearish Trade By Investing.com

Investing.com – Cardano was trading at $0.5187 by 07:14 (12:14 GMT) on the Investing.com Index on Wednesday, down 17.04% on the day. It was the largest one-day percentage loss since May 11, 2022.

The move downwards pushed Cardano’s market cap down to $21.1343B, or 1.25% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.

Cardano had traded in a range of $0.5013 to $0.6185 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a drop in value, as it lost 2.32%. The volume of Cardano traded in the twenty-four hours to time of writing was $558.4998M or 0.76% of the total volume of all cryptocurrencies. It has traded in a range of $0.5013 to $0.6760 in the past 7 days.

At its current price, Cardano is still down 83.26% from its all-time high of $3.10 set on September 2, 2021.

Elsewhere in cryptocurrency trading

Bitcoin was last at $41,629.2 on the Investing.com Index, down 6.59% on the day.

Ethereum was trading at $2,163.69 on the Investing.com Index, a loss of 7.56%.

Bitcoin’s market cap was last at $857.4156B or 50.80% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $277.6119B or 16.45% of the total cryptocurrency market value.