| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107200.2400000000 |
| ETH | $2426.3690000000 |
| BNB | $647.2195600000 |
| XRP | $2.1784410000 |
| ADA | $0.5631126000 |
| SOL | $149.8501000000 |
| DOGE | $N/A |
| DOT | $3.3876900000 |
| LTC | $85.9001000000 |
| LINK | $13.3316700000 |
Category: CRYPTO NEWS
The post Cardano (ADA) Volume Skyrockets 428% Despite Worst Crypto Bloodbath appeared on BitcoinEthereumNews.com. Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The broader digital currency ecosystem recorded its worst single-day bloodbath this year, with assets like Cardano (ADA) at the forefront. At the time of writing, the ADA price changed hands for $0.7012, down by 20.53% in the past 24 hours. The coin dropped to $0.5648 in earlier trading, its lowest level in nearly 90 days. Cardano volume took different turn Despite the selloff, one unique Cardano metric, the transaction volume, recorded an impressive rally. Per data from CoinMarketCap, the Cardano volume is up 428.86% to $3.77 billion. This boost in trading volume is not commensurate with the price outlook, thus implying traders were in flight mode over the weekend. Related Market data shows that more than $36 million has been lost by ADA traders in the past 24 hours via liquidations. Long traders suffered the most, with over $31 million taken out unduly. With the crypto market drawdown triggered by the tariff war in North America, the effect appears comprehensive across all markets. At the moment, a high level of volatility has been introduced into the Cardano trading ecosystem. After this multi-month low price, the coin has inked some rebound, but generally, the coin is not out of the woods yet. Catalyst to watch and Bitcoin influence Amid this unusual price slump, Cardano traders will likely focus on new…
2025-02-03T09:45:07+00:00
https://bitcoinethereumnews.com/crypto/cardano-ada-volume-skyrockets-428-despite-worst-crypto-bloodbath/?utm_source=rss&utm_medium=rss&utm_campaign=cardano-ada-volume-skyrockets-428-despite-worst-crypto-bloodbath