Cardano Falls 11% In Selloff
Investing.com — Cardano was trading at $0.5732 by 12:29 (16:29 GMT) on the Investing.com Index on Friday, down 10.57% on the day. It was the largest one-day percentage loss since June 1.
The move downwards pushed Cardano’s market cap down to $19.7375B, or 1.64% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.
Cardano had traded in a range of $0.5732 to $0.6358 in the previous twenty-four hours.
Over the past seven days, Cardano has seen a rise in value, as it gained 6.95%. The volume of Cardano traded in the twenty-four hours to time of writing was $1.0963B or 1.73% of the total volume of all cryptocurrencies. It has traded in a range of $0.5464 to $0.6670 in the past 7 days.
At its current price, Cardano is still down 81.50% from its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $29,009.5 on the Investing.com Index, down 4.37% on the day.
Ethereum was trading at $1,679.98 on the Investing.com Index, a loss of 6.64%.
Bitcoin’s market cap was last at $560.0563B or 46.51% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $208.5408B or 17.32% of the total cryptocurrency market value.