- In January, ethereum is down more than 18 percent.
- Cardano’s market capitalization fell to $41.27 billion.
The worldwide cryptocurrency market capitalization has fallen by 7.75 percent in the previous 24 hours to $1.83 trillion. A decrease in investors’ confidence sent Bitcoin’s price down to $39,000 today, continuing the downward trend. The most popular and most valuable cryptocurrency in the world fell by almost 7% to $38,802. Since the beginning of this year, the value of Bitcoin has fallen by more than 14%.
Meanwhile, the second most popular cryptocurrency, Ethereum, fell below the $3,000 barrier. At $2,861, it’s down by more than 8%. Compared to Bitcoin’s 60 percent rise last year, the token gained nearly 400 percent. However, in January, the token is down more than 18 percent.
Since October 27, 2021, Cardano’s (ADA) one-day percentage loss has been the highest. Cardano’s market capitalization fell to $41.27 billion, or 2.22 percent of the overall cryptocurrency market capitalization, following the downward trend. At its peak, Cardano’s market capitalization was $94.80 billion dollars. The preceding twenty-four hours have seen Cardano move between $1.2117 and $1.2802.
Read More: Cardano Price Prediction
60.90% Down From All-time High
Cardano’s price has been stagnant for the previous seven days, moving only 1.19 percent. The last seven days have seen this currency fluctuate between $1.2113 and $1.6349. Cardano is now trading at a loss of 60.90 percent from its all-time high of $3.10 reached on September 2, 2021.
Cardano’s price is now $1.23 USD, with a 24-hour trading volume of $2,814,126,246 USD, according to CoinMarketCap. Compared to the previous day, there has been a 9.99 percent decline in the price of Cardano.