Cardano suffers sharp decline in crypto market
Date: 2025-10-31 Author: Henry Casey Categories: CRYPTO PAYMENTS
On Thursday evening, according to the Investing.com index, Cardano traded at $0.5879, marking its steepest drop since October 10. This decline has reduced its market capitalization to $21.1674 billion, representing just 0.59% of the total crypto market capitalization. Previously, Cardano's market capitalization reached $94.8 billion. Over the past 24 hours, the price has fluctuated between $0.5870 and $0.6485.
Over the past week, Cardano has lost approximately 8.54% of its value. Trading volume over the past 24 hours was $1.2101 billion, or 0.66% of the total volume of all cryptocurrencies. Over the past seven days, the minimum and maximum prices have ranged from $0.5870 to $0.6935.
The overall cryptocurrency market remains tense. Bitcoin traded at $106,549.7, down 4.52% on the day, while Ethereum fell 6.63% to $3,697.99. Bitcoin's market capitalization is $2,125,378 billion, exceeding the total cryptocurrency market capitalization by 111.58%, while Ethereum's is $446,2458 billion, or 23.43%.
The sharp fluctuations in Cardano's price coincided with the overall market trend, where investors continue to lock in profits after recent gains. Experts note that such movements are typical for highly volatile assets and may be related to external financial and political factors.
Besides Cardano, traders are also focusing on large company stocks. Tools that filter stocks by various criteria help investors identify promising opportunities. For example, the Piotroski filter focuses on financial strength and demonstrates an average annual return of 23%. Other filters allow investors to track blue-chip stocks, identify undervalued stocks, or stocks priced below $10 that have demonstrated impressive returns following recent price movements.
Thus, Cardano's decline reflects not only the cryptocurrency's specific difficulties but also the overall fluctuations of the digital asset market. Investors are advised to carefully analyze risks and use available tools to identify profitable opportunities, while also taking into account the high level of volatility and potential external factors that could impact asset prices.
