- Cardano dropped 10.41% to $0.6856, marking its largest one-day loss since February 24, 2025.
- Cardano’s market cap fell to $24.79 billion, down 77.88% from its all-time high of $3.10.
Cardano (ADA) took a hard hit on Monday. The cryptocurrency dropped 10.41%, trading at $0.6856 by early morning. This marks its biggest one-day loss since February 24, 2025. The recent selloff has shaken investor confidence, raising questions about what’s next for ADA.
Market Cap Takes a Dive
The price dip pushed Cardano’s market cap down to $24.79 billion. That’s just 0.81% of the total crypto market. To put things into perspective, ADA’s highest market cap stood at a staggering $94.80 billion. Monday’s decline is part of a broader downtrend. Cardano has lost 13.12% over the past week.
Volatility Stirs Investor Caution
Cardano traded between $0.6815 and $0.7773 in the last 24 hours. Over the past seven days, it fluctuated between $0.6815 and $0.8180. Trading volume in the past day reached $871.50 million. This accounted for 0.71% of total crypto trading volume. Despite the activity, prices kept slipping.
Still Far from Its All-Time High
ADA remains far from its peak. Its all-time high of $3.10, set on September 2, 2021, feels like a distant memory. The current price is down 77.88% from that record level. This prolonged slump has left long-term holders seeking answers.
Broader Market Also Under Pressure
Cardano wasn’t alone in its decline. Bitcoin dropped 3.30%, trading at $92,677.30. Ethereum followed suit with a 9.38% dip to $2,541.08. Bitcoin’s market cap holds strong at $1.85 trillion, commanding 60.82% of the total crypto market. Ethereum’s market cap sits at $311.85 billion, representing 10.25%. The overall market downturn adds to investor anxiety.
What’s Next for Cardano?
The crypto market remains unpredictable. Cardano’s recent decline reflects broader market trends. Investors are watching closely for any signs of recovery. Volatility may persist in the coming days, making it crucial for traders to stay informed.
