Cardano’s ADA token fell 10.33% in 24 hours to $0.2190 at 03:39 GMT on Sunday, its largest single-day decline since June 5. The selloff pushed the cryptocurrency’s market capitalization down to $8.08 billion, representing 0.31% of the total crypto market.
Trading volume surged to $1.21 billion over the same period, accounting for 0.94% of all cryptocurrency turnover. The intraday range for ADA was tight, fluctuating between $0.2189 and $0.2293. Despite the sharp drop, ADA remains up 24.37% over the past seven days, having traded as low as $0.1715 and as high as $0.2580 during that period.
The decline comes as broader crypto markets faced pressure, with Bitcoin falling 1.89% to $76,901 and Ethereum down 4.15% at $2,410.01. Bitcoin’s market dominance stood at 59.37%, while Ethereum held 11.19% of total crypto market capitalization. ADA’s current price remains 92.93% below its all-time high of $3.10, reached on September 2, 2021.
The data, sourced from Investing.com, reflects a period of heightened volatility across digital assets, with ADA’s decline accelerating after a week of gains.
