Cardano Surges Over 14% as Market Sees Broader Crypto Rally

Cardano (ADA) jumped 14.43% to $0.5909 by 02:00 ET (06:00 GMT) on Tuesday, marking its largest single-day gain since March 2, according to Investing.com. The surge pushed ADA’s market capitalization to $20.85 billion, accounting for approximately 0.82% of the total cryptocurrency market value.

In the past 24 hours, Cardano traded between $0.5805 and $0.6040, with a trading volume of $1.85 billion—roughly 0.97% of the total crypto market volume. Despite the daily uptick, ADA remains down 11.67% over the past week, having fluctuated between $0.5124 and $0.7071 during that period. The current price still represents a steep 80.93% decline from its all-time high of $3.10 recorded on September 2, 2021.

Cardano’s recent upswing aligns with broader market gains, as major cryptocurrencies like Bitcoin and Ethereum also posted notable increases. Bitcoin climbed 6.76% to $79,867.9, bringing its market cap to approximately $1.58 trillion or 62.63% of the total crypto market. Ethereum gained 3.32%, trading at $1,591.86 with a market cap of $191.87 billion, representing 7.59% of the market.

While ADA’s price action signals short-term recovery, the token continues to face downward pressure from its historical peak. Investors and traders are closely monitoring whether the recent momentum will lead to a sustained breakout or another pullback. As the crypto market remains volatile, Cardano’s next moves could be critical in defining its trajectory in 2025.