Cardano Falls 10% In Rout

Cardano was trading at $0.5456 by 09:48 (14:48 GMT) on the Investing.com Index on Thursday, down 10.27% on the day. It was the largest one-day percentage loss since July 4.

The move downwards pushed Cardano's market cap down to $19.9021B, or 0.66% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $94.8001B.

Cardano had traded in a range of $0.5455 to $0.5944 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a rise in value, as it gained 51.93%. The volume of Cardano traded in the twenty-four hours to time of writing was $1.7264B or 0.61% of the total volume of all cryptocurrencies. It has traded in a range of $0.4043 to $0.6591 in the past 7 days.

At its current price, Cardano is still down 82.39% from its all-time high of $3.10 set on September 2, 2021. Elsewhere in cryptocurrency trading

Bitcoin was last at $89,119.6 on the Investing.com Index, down 2.75% on the day.

Ethereum was trading at $3,118.36 on the Investing.com Index, a loss of 6.19%.

Bitcoin's market cap was last at $1,799.1892B or 59.91% of the total cryptocurrency market cap, while Ethereum's market cap totaled $381.6777B or 12.71% of the total cryptocurrency market value.

Source: Investing.com