Cardano Drops 10.16% as Crypto Market Faces Sharp Decline

Cardano (ADA) saw a significant drop on Monday, falling 10.16% to $0.9126 by 13:38 (18:38 GMT) on the Investing.com Index. This marks its largest one-day percentage loss since March 3. The decline pushed Cardano’s market cap down to $33.55 billion, representing 1.14% of the total cryptocurrency market. At its peak, Cardano’s market cap reached $94.80 billion.

Despite the drop, Cardano remains up 30.16% over the past week, trading between $0.5813 and $1.1562 during this period. In the last 24 hours, ADA moved within a range of $0.9096 to $1.1562, with a trading volume of $7.78 billion, accounting for 4.70% of total crypto trading activity. However, Cardano is still down 70.55% from its all-time high of $3.10, set on September 2, 2021.

Bitcoin (BTC) also experienced a downturn, dropping 5.65% to $87,605.2. The leading cryptocurrency’s market cap stood at $1.77 trillion, making up 60.24% of the total crypto market. Ethereum (ETH) followed suit, falling 10.87% to $2,205.73, with a market cap of $271.46 billion, accounting for 9.24% of the market.

The broader crypto market remains volatile, with significant fluctuations across major digital assets. Investors continue to monitor market movements as cryptocurrencies navigate ongoing uncertainty.