Cardano Falls 23% In Bearish Trade

Cardano Falls 23% In Bearish Trade

Investing.com - Cardano was trading at $1.455900 by 21:54 (01:54 GMT) on the Investing.com Index on Thursday, down 22.94% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed Cardano's market cap down to $46.196893B, or 3.00% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $71.557257B.

Our top trading bots

Cardano had traded in a range of $1.332379 to $1.553299 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a drop in value, as it lost 10.79%. The volume of Cardano traded in the twenty-four hours to time of writing was $16.623033B or 4.31% of the total volume of all cryptocurrencies. It has traded in a range of $1.0231 to $2.4601 in the past 7 days.

At its current price, Cardano is still down 40.82% from its all-time high of $2.46 set on May 16.

Elsewhere in cryptocurrency trading

Bitcoin was last at $36,816.9 on the Investing.com Index, down 13.59% on the day.

Ethereum was trading at $2,309.92 on the Investing.com Index, a loss of 27.74%.

Bitcoin's market cap was last at $693.888680B or 45.08% of the total cryptocurrency market cap, while Ethereum's market cap totaled $268.379227B or 17.44% of the total cryptocurrency market value.

Keep reading on Investing.com
Cardano projects SundaeSwap and CardStarter squabble over failed promises to investors
The ongoing drama between two projects built on the Cardano (ADA) blockchain escalated across multiple social media platforms Monday, much to the dismay...
Canadian restaurant chain reports earning 300% gains on BTC investment to weather pandemic
More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped...
Which NFT collection has been the most profitable?
When calculating the return of an NFT collection, most analysts calculate the average return. For example, the first CryptoKitties were sold in December...
Recruiters say crypto firms seeking leadership in engineering, legal and finance
The crypto industry has enjoyed astronomical growth over the last couple of years. Now, talent recruitment experts say that crypto firms are in dire need...
Bitcoin bulls risk losing $365 million upon Friday’s BTC options expiry
Bitcoin’s (BTC) price action hasn’t been bullish despite the $69,000 all-time high on Nov. 10. Some argue that th descending channel formed 40 days ago...
Nifty News: $2.5M virtual land sale, MetaSoccer raises $2.2M, CryptoDragons get Egg-cited
Metaverse Group, which is headquartered in Decentraland, announced on Nov. 23 that it had completed what it calls “the largest Metaverse land acquisition...
MetaMask integrates with Bitfinex Pay amid growing demand for crypto payments
Crypto payment gateway Bitfinex Pay has integrated with MetaMask, the popular browser and wallet extension powered by ConsenSys, potentially opening the...
Successful smart cities will be impossible without decentralized techs
Smart cities are steadily garnering attention worldwide as they become points of aspiration for many jurisdictions. There is a very clear relationship in...
Mirror opens access to its blockchain blogging platform to all
Ethereum-based decentralized blogging platform Mirror has opened its doors to the wider public after months of running vote-based contributions only.Mirror...
Social NFT platform DeFine raises $5M from Asian investors
DeFine, a socially oriented nonfungible token platform, has raised $5 million in strategic investments as part of a wider effort to onboard more companies...
S&P Dow Jones Indices launches new cryptocurrency indexes
S&P Dow Jones Indices, the leading index provider of some of the world’s largest equity benchmarks, has launched a new cryptocurrency index that tracks...
Galaxy Digital books $860M in net comprehensive income in Q1
Galaxy Digital Holdings, a cryptocurrency-focused investment manager, booked a stellar first quarter on the back of surging digital asset valuations.The...
DeFi adoption on the Binance Smart Chain reaches new highs
Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at...
Brazilian University Sets Off a Master’s Programme in Crypto-Finance
Cryptocurrency is a phenomenon that cannot be left aside without any consideration or thorough study. Higher educational institutions, realizing how cryptos...
Ukraine to Recognize Mining As Economic Activity
As Ukrainian legislators are struggling to come up with the final version of the bill on cyber money, the country’s government decided to take the bull...