Cardano Surges 11.72% Amid Market Volatility

Cardano (ADA) surged 11.72% on Tuesday, reaching $0.7470 by 20:58 (01:58 GMT) on the Investing.com Index. This marks its largest one-day percentage gain since January 3, pushing its market cap to $26.13 billion, accounting for 0.81% of the total cryptocurrency market. Despite this jump, ADA remains down 75.90% from its all-time high of $3.10, recorded on September 2, 2021.

In the past 24 hours, Cardano fluctuated between $0.7105 and $0.7495. Over the last week, however, ADA has declined 8.77%, trading within a range of $0.6511 to $0.7754. Its 24-hour trading volume reached $824.20 million, making up 0.79% of the total crypto market volume.

Bitcoin (BTC) rose 2.59% to $98,039.50, maintaining its dominance with a $1.94 trillion market cap, representing 60.40% of the total crypto market. Ethereum (ETH) climbed 4.76% to $2,697.33, holding a market cap of $325.94 billion, or 10.13% of the total market.

The cryptocurrency market continues to show high volatility, with investors closely watching price movements. While ADA made notable gains today, its long-term performance remains uncertain. Traders should monitor market trends and key resistance levels as volatility persists.