Cardano Price Plunges in Cryptocurrency Market
Cardano experienced a significant price drop of 10.08% on Saturday, reaching $0.4350. Other major cryptocurrencies, including Bitcoin and Ethereum, also saw declines in their prices.
Significant Drop in Cardano's Price
On Saturday, June 9, 2024, Cardano (ADA) experienced a substantial decline of 10.08% on the Investing.com Index, trading at $0.4350 by 07:51 (11:51 GMT). This marked the most significant one-day percentage loss since April 13. Consequently, Cardano's market capitalization decreased to $15.6162 billion, representing 0.61% of the total cryptocurrency market cap.
Cardano's Weekly Performance and Trading Volume
Over the past week, Cardano's value has dropped by 2.46%. The trading volume of Cardano in the 24 hours leading up to the time of writing was $776.2751 million, accounting for 0.77% of the total volume of all cryptocurrencies. During this period, Cardano's price ranged between $0.4305 and $0.4899.
Cardano's Price Compared to All-Time High
Despite the recent price movement, Cardano is still 85.96% below its all-time high of $3.10, which was reached on September 2, 2021.
Bitcoin and Ethereum Also Experience Price Declines
Other major cryptocurrencies also saw declines. Bitcoin fell 3.24% to $69,355.5, while Ethereum dropped 3.95% to $3,681.54. Bitcoin's market capitalization currently stands at $1,368.1534 billion, representing 53.75% of the total cryptocurrency market cap. Ethereum's market cap is $442.9123 billion, accounting for 17.40% of the total market value.
