Cardano Falls 10% In Selloff

Cardano was trading at $0.3271 by 20:58 (00:58 GMT) on the Investing.com Index on Monday, 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 $12.2404B, or 0.61% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $94.8001B.

Cardano had traded in a range of $0.3269 to $0.3458 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a drop in value, as it lost 17.55%. The volume of Cardano traded in the twenty-four hours to time of writing was $330.6182M or 0.41% of the total volume of all cryptocurrencies. It has traded in a range of $0.3269 to $0.4077 in the past 7 days.

At its current price, Cardano is still down 89.44% from its all-time high of $3.10 set on September 2, 2021. Elsewhere in cryptocurrency trading

Bitcoin was last at $55,864.4 on the Investing.com Index, down 8.03% on the day.

Ethereum was trading at $2,515.79 on the Investing.com Index, a loss of 13.68%.

Bitcoin's market cap was last at $1,118.0834B or 55.39% of the total cryptocurrency market cap, while Ethereum's market cap totaled $315.7717B or 15.64% of the total cryptocurrency market value.

Source: Investing.com