Cardano Falls 10% In Selloff

Cardano experienced a significant 10.11% drop in value on Tuesday, marking its largest one-day percentage loss since June 5. This decline pushed the cryptocurrency's market capitalization down to $8.4640 billion, representing 0.31% of the entire cryptocurrency market. At its peak, Cardano's market cap stood at $94.8001 billion. The digital asset had been trading within a range of $0.2255 to $0.2330 over the past 24 hours.

In the past week, Cardano's value has declined by 14.74%. The trading volume for Cardano over the last 24 hours was $483.2215 million, accounting for 0.58% of the total volume for all cryptocurrencies. Cardano's price is still down 92.72% from its all-time high of $3.10, which was achieved on September 2, 2021. Meanwhile, Bitcoin's price was last recorded at $81,135.5, down 3.34% for the day, and Ethereum traded at $2,414.98, experiencing a 5.16% decrease.

Bitcoin's market cap is currently valued at $1,637.4206 billion, making up 59.73% of the total cryptocurrency market cap, while Ethereum's market cap is at $296.8194 billion, representing 10.83% of the overall cryptocurrency market value.