Cardano Plunges 11.39% Amid Market Volatility, Still Up 33% This Week

Cardano (ADA) experienced a sharp decline of 11.39% on Friday, trading at $0.8099 by 16:08 (21:08 GMT) on the Investing.com Index. This marked its steepest single-day drop since March 3. The decline pushed Cardano’s market cap down to $29.69 billion, accounting for 1.03% of the total cryptocurrency market. At its peak, ADA’s market cap stood at $94.8 billion.

In the last 24 hours, Cardano fluctuated between $0.8090 and $0.9202, yet it remains up 33.49% over the past week. Trading volume reached $3.3 billion, making up 2.41% of the total crypto market volume. ADA traded between $0.6255 and $1.1562 over the last seven days but is still down 73.87% from its all-time high of $3.10, set on September 2, 2021.

Bitcoin (BTC) was last priced at $86,053.1, down 3.80% for the day, with a market cap of $1.73 trillion, dominating 60.18% of the total crypto market. Ethereum (ETH) dropped 4.04% to $2,116.56, holding a $260.54 billion market cap, or 9.08% of the market share.

Despite the broader market downturn, Cardano’s strong weekly performance suggests resilience. As the crypto market remains volatile, investors are closely watching ADA’s movements for potential recovery.