Posted 1/3/2024, 12:14:00 PM
Cardano Plunges 17% in One Day, Dropping Market Cap Below $22B amid Broader Crypto Slump
- Cardano fell 17% on Wednesday to $0.5187, its biggest one-day percentage drop since May 11, 2022
- The drop decreased Cardano's market cap to $21.13B, or 1.25% of the total crypto market cap
- Over the past 7 days, Cardano lost 2.32% and traded between $0.5013 and $0.6760
- At the current price, Cardano is still down 83.26% from its all-time high of $3.10 set on September 2, 2021
- Meanwhile, Bitcoin fell 6.59% to $41,629 and Ethereum lost 7.56% to $2,163.69