Cardano Drops 10% as Crypto Market Declines

Cardano (ADA) fell 10.01% on Sunday, trading at $0.8312 by 11:58 (16:58 GMT) on the Investing.com Index. This marks its largest single-day drop since December 9, 2024. The decline pushed ADA’s market cap to $29.95 billion, accounting for 0.90% of the total cryptocurrency market. Cardano previously reached a market cap high of $94.8 billion.

Over the past 24 hours, ADA fluctuated between $0.8311 and $0.9113. In the last seven days, it has dropped 14.11%, trading between $0.8311 and $0.9877. Trading volume in the past day was $861.21 million, representing 0.68% of the total crypto market volume. Currently, ADA remains 73.18% below its all-time high of $3.10, set on September 2, 2021.

The broader crypto market also saw declines. Bitcoin (BTC) was down 3.68%, trading at $98,141.3. Its market cap stood at $1.96 trillion, making up 58.99% of the total crypto market. Ethereum (ETH) traded at $3,010.79, dropping 7.18%, with a market cap of $367.2 billion, or 11.06% of the total market.

The crypto market continues to face volatility as investors react to market conditions. Analysts are monitoring key support levels for ADA and other major cryptocurrencies to gauge potential recovery or further declines.