Cardano Falls 10% In Bearish Trade

Cardano experienced a significant drop of 10.33% during the day, marking its largest one-day percentage loss since June 5. As of 23:39 (03:39 GMT) on Sunday, the cryptocurrency was trading at $0.2190, down from its previous day's high of $0.2293. This decline pushed Cardano's market capitalization down to $8.0808 billion, which amounted to 0.31% of the total cryptocurrency market's worth. At its peak, Cardano's market cap reached $94.8001 billion.

In the preceding 24 hours, Cardano's price fluctuated between $0.2189 and $0.2293. Over the past week, despite an initial gain of 24.37%, the cryptocurrency has been on a downward trajectory. The trading volume for Cardano in the last 24 hours was $1.2138 billion, representing 0.94% of the overall cryptocurrency market trading volume.

Over the past 7 days, Cardano's price has ranged from $0.1715 to $0.2580. Currently, Cardano remains down 92.93% from its all-time high of $3.10, which was achieved on September 2, 2021. To provide context, Bitcoin was trading at $76,925.8, marking a 1.89% loss for the day, while Ethereum was at $2,410.66, with a 4.15% decrease.

Bitcoin's market capitalization stood at $1,544.3666 billion, accounting for 59.37% of the entire cryptocurrency market, while Ethereum's market cap totaled $291.0059 billion, representing 11.19% of the total cryptocurrency value.