Cardano Falls 12% In Bearish Trade

Cardano was trading at $0.9403 by 03:29 (08:29 GMT) on the Investing.com Index on Tuesday, down 11.80% on the day. It was the largest one-day percentage loss since April 12.

The move downwards pushed Cardano's market cap down to $33.0751B, or 1.03% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $94.8001B.

Cardano had traded in a range of $0.9382 to $0.9897 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a rise in value, as it gained 25.96%. The volume of Cardano traded in the twenty-four hours to time of writing was $2.8555B or 1.19% of the total volume of all cryptocurrencies. It has traded in a range of $0.7382 to $1.1467 in the past 7 days.

At its current price, Cardano is still down 69.66% from its all-time high of $3.10 set on September 2, 2021. Elsewhere in cryptocurrency trading

Bitcoin was last at $92,586.4 on the Investing.com Index, down 5.75% on the day.

Ethereum was trading at $3,362.43 on the Investing.com Index, a loss of 1.49%.

Bitcoin's market cap was last at $1,837.7193B or 57.47% of the total cryptocurrency market cap, while Ethereum's market cap totaled $405.4929B or 12.68% of the total cryptocurrency market value.

Source: Investing.com