Cardano suffered a substantial downturn on Monday, with its price dropping 12.37% to $0.3473 by 19:03 (00:03 GMT) according to the Investing.com Index. This represented the steepest daily percentage decline the cryptocurrency has faced since October 10, 2025, highlighting increased selling pressure within that period.
The selloff caused Cardano's market capitalization to fall sharply, settling at approximately $13.5 billion, which now accounts for about 0.43% of the total crypto market cap. This is a significant contraction when compared to its peak market capitalization of $94.8 billion. During the past 24 hours, Cardano's price fluctuated within a range of $0.3470 to $0.3745.
On a weekly basis, Cardano's value trended downward, registering a loss of 3.78%. Within this timeframe, the cryptocurrency traded between $0.3470 and $0.4270, indicating heightened volatility. Trading volume for Cardano over the last 24 hours was recorded at approximately $412.6 million, representing 0.60% of the aggregate cryptocurrency trading volume during this period.
Despite the recent selloff, Cardano remains substantially lower than its historical high. The cryptocurrency currently trades at a price 88.79% beneath its all-time peak of $3.10 reached on September 2, 2021.
In the broader cryptocurrency market, Bitcoin experienced a 2.98% drop, settling at $92,272.0, while Ethereum declined 2.29%, trading at $3,228.86. Bitcoin's market capitalization was noted at roughly $1.87 trillion, comprising nearly 59% of the overall crypto market cap. Ethereum's market cap stood at approximately $395.9 billion, making up 12.48% of the total market value.