Cardano Dips Below 0.049 Level, Down 8%

3 March, 2020

Cardano fell bellow the $0.049350 level on Monday. Cardano was trading at 0.049350 by 16:43 (21:43 GMT) on the Index, down 7.76% on the day. It was the largest one-day percentage loss since March 2.

The move downwards pushed Cardano's market cap down to $1.27513B, or 0.49% of the total cryptocurrency market cap. At its highest, Cardano's market cap was $23.91700B.

Cardano had traded in a range of $0.045451 to $0.049784 in the previous twenty-four hours.

Over the past seven days, Cardano has seen a drop in value, as it lost 15.94%. The volume of Cardano traded in the twenty-four hours to time of writing was $107.55765M or 0.06% of the total volume of all cryptocurrencies. It has traded in a range of $0.0451 to $0.0591 in the past 7 days.

At its current price, Cardano is still down 96.34% from its all-time high of $1.35 set on January 4, 2018.

Elsewhere in cryptocurrency trading

  • Bitcoin was last at $8,928.9 on the Index, up 4.89% on the day.
  • Ethereum was trading at $232.48 on the Index, a gain of 7.68%.
  • Bitcoin's market cap was last at $162.13476B or 62.19% of the total cryptocurrency market cap, while Ethereum's market cap totaled $25.43045B or 9.75% of the total cryptocurrency market value.

Gold Up After Stark Powell Speech Spooks Stocks14 May, 2020  

Gold was up on Thursday morning in Asia, with investors turning to the yellow metal after a grim speech by U.S. Federal Reserve chair Jerome Powell...

Gold Rises as Jobless Claims Revive Concerns8 May, 2020  

Gold prices rose as another 3 million Americans filed for jobless benefits, reviving concerns about the outlook for the U.S. economy. Prices were initially subdue...

COVID-19: S&P Report Warns of Soaring APAC Unemployment20 Apr, 2020  

S&P Global Ratings warned in a report that unemployment rates could rise well over 3 percentage points as the number of jobs shrinks. The People's Bank of China...

COVID-19: IMF Predicts Zero Asian Growth16 Apr, 2020  

The International Monetary Fund predicted zero growth for Asia in 2020. Australia posted a better-than-expected unemployment rate, but the rate does not factor...

COVID-19: White House warns of up to 240,000 U.S. deaths1 Apr, 2020  

Stocks start the second quarter on the back foot, after their worst three months in over a decade, as the White House warns...

COVID 19: Worldwide Economic Tsunami24 Mar, 2020  

Moody's Analytics Chief Economist Mark Zandi warned in a report the COVID-19 pandemic has created a “worldwide economic tsunami” and warned...