Cardano Plunges 10.2% in a Day, Drops 25.3% in a Week

Cardano (ADA) saw a sharp decline, dropping 10.2% in the past 24 hours to $0.5954 by 00:08 (05:08 GMT) on the Investing.com Index. This marks its largest single-day percentage loss since February 24. The downturn pushed its market cap to $21.11 billion, making up 0.79% of the total crypto market. At its peak, Cardano’s market cap stood at $94.8 billion.

In the last 24 hours, ADA fluctuated between $0.5912 and $0.6464. Over the past seven days, it has lost 25.3%, trading between $0.5912 and $0.7875. The 24-hour trading volume reached $869.26 million, accounting for 0.59% of the total crypto market volume.

Cardano remains significantly below its all-time high of $3.10, set on September 2, 2021, marking a staggering 80.79% decline from that peak.

Meanwhile, Bitcoin (BTC) also experienced a downturn, dropping 6.91% to $79,953.1, with a market cap of $1.595 trillion, making up 59.8% of the total crypto market. Ethereum (ETH) followed, trading at $2,124.78, down 9.23%, with a market cap of $257.32 billion, accounting for 9.65% of the total market.

The broader crypto market is witnessing increased volatility, with major assets facing sharp corrections. Investors remain cautious as market trends continue to shift.