Cardano plunges 10% on fire sale
Investing.com – Cardano was trading at $0.6506 at 02:48 (06:48 GMT) on the Investing.com Index on Sunday, down 10.19% on the day. It was the largest single-day percentage loss since December 16, 2022.
The downward movement pushed Cardano’s market capitalization down to $23.5301 billion, or 0.95% of the total cryptocurrency market capitalization. At its peak, Cardano’s market capitalization was $94.8001 billion.
Cardano had been trading in a range of $0.6494 to $0.6737 over the previous twenty-four hours.
Over the last seven days, Cardano has seen a decline in value, losing 9.86%. Cardano’s twenty-four-hour volume traded at the time of this writing was $991.2856 million, or 0.69% of the total volume of all cryptocurrencies. For the last 7 days it has been trading in a range between $0.6494 and $0.8097.
At its current price, Cardano is still down 79.01% from its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
Bitcoin stood in last place at $65,541.8 on the Investing.com index, down 5.28% on the day.
Ethereum traded at $3,485.03 on the Investing.com index, a loss of 6.47%.
Bitcoin’s market capitalization stood at $1,290.7198 billion, or 51.96% of the cryptocurrency’s total market capitalization, while Ethereum’s market capitalization amounted to $420.5588 billion, or 16, 93% of the total cryptocurrency market value.