Cardano Surges Over 10% in a Day Amid Market Recovery

Cardano (ADA) saw a strong rebound, climbing 10.32% to $0.7273 by 14:13 (18:13 GMT) on Tuesday, marking its largest one-day percentage gain since March 2. The surge pushed Cardano’s market cap to $25.05 billion, accounting for 0.95% of the total cryptocurrency market. However, ADA remains significantly below its all-time high of $3.10, set on September 2, 2021, with a 76.53% decline.

Over the past 24 hours, Cardano traded between $0.6475 and $0.7378. Despite today’s gains, the cryptocurrency has dropped 23.09% over the past week, fluctuating between $0.6475 and $1.0177. Trading volume in the last 24 hours reached $1.98 billion, making up 1.30% of the total crypto trading volume.

Meanwhile, Bitcoin (BTC) continued its rally, rising 6.21% to $82,357.1, with a dominant market cap of $1.61 trillion, representing 61.07% of the total crypto market. Ethereum (ETH) also saw gains, increasing 6.38% to $1,939.91, with a market cap of $228.96 billion, making up 8.69% of the total value.

With renewed bullish momentum across major cryptocurrencies, Cardano’s price action reflects broader market recovery trends. Investors will be watching closely to see if ADA can sustain its upward movement or face further volatility.