Cardano faced a steep decline on Sunday, falling by 10.02% to $0.9589 as of 07:44 (12:44 GMT), marking its largest single-day percentage loss since November 24. This downturn reduced Cardano’s market capitalization to $34.6849 billion, or 1.82% of the total cryptocurrency market cap. At its peak, Cardano’s market cap had reached $94.8001 billion.
In the past 24 hours, Cardano traded between $0.9589 and $1.0968, with a 24-hour trading volume of $4.3174 billion, or 1.81% of the total cryptocurrency volume. Despite the drop, Cardano has gained 38.47% over the past seven days, fluctuating between $0.7017 and $1.1467 during that period.
At its current price, Cardano remains 69.06% below its all-time high of $3.10, which was reached on September 2, 2021.
Other Major Cryptocurrencies’ Performance
In broader cryptocurrency trading, Bitcoin was last recorded at $96,570.3, down 2.09% on the day. Ethereum was trading at $3,302.63, down 2.90%.
Bitcoin’s market cap stood at $1.916 trillion, accounting for 100.58% of the total market cap, while Ethereum’s market capitalization was $399.0985 billion, or 20.95% of the total cryptocurrency market value.
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