Story
Cardano (ADA) Jumps Over 10% Amid Broader Crypto Market Rally
Cardano (ADA) saw a significant price surge on Saturday, climbing 10.01% to trade near $0.2349, according to data from the Investing.com Index at 02:43 GMT. The rally marked the cryptocurrency's largest single-day percentage gain since Sept. 18.
Price Movement
The upward move pushed Cardano's market capitalization to $8.521 billion, accounting for approximately 0.31% of the total cryptocurrency market value. Over the past 24 hours, ADA traded within a range of $0.2246 to $0.2349.
This recent spike contributes to a positive trend over the last week, during which Cardano has gained 11.18%. Key performance indicators include:
- 7-Day Trading Range: $0.1905 to $0.2349
- 24-Hour Trading Volume: $757.461 million, or 0.63% of total crypto market volume.
Historical Context
AdDespite the recent gains, Cardano remains significantly below its peak valuation. The current price is 92.42% lower than its all-time high of $3.10, which was set on Sept. 2, 2021. At its highest point, Cardano's market capitalization reached $94.8001 billion.
Broader Crypto Market
The rally in ADA occurred alongside a broader uptrend in the digital asset market. According to Investing.com data, the two largest cryptocurrencies also posted notable gains.
Bitcoin (BTC) rose 5.65% to trade at $81,328.9, with a market cap of $1.634 trillion, representing 58.74% of the total market. Ethereum (ETH) increased by 6.42% to $2,620.42, giving it a market cap of $319.78 billion and an 11.49% market share.
Read next
More on Crypto
Bybit Expands Annual Trading Competition to Stocks, Gold With $10M Prize Pool
Bybit announced its 2026 World Series of Trading will feature a prize pool of up to $10 million USDT and expand beyond cryptocurrency to include traditional assets and a dedicated AI trading category for the first time.
Bitcoin Nears $81,000 as Tech Rally Boosts Risk Assets Ahead of Fed Decision
The leading cryptocurrency recovered from earlier losses, buoyed by a surge in technology stocks. However, gains were limited as investors awaited the Federal Reserve's upcoming interest rate decision and forward guidance.
Bitcoin Stalls Near $80,000 as MicroStrategy Pauses Purchases, Fed Meeting Looms
The price of Bitcoin has dropped below its recent trading range as major corporate holder MicroStrategy halted its weekly purchases and investors grow cautious ahead of a key Federal Reserve policy decision.
Bitget Wallet to Launch USD, Euro Accounts with Automatic Stablecoin Conversion
The self-custody wallet is introducing 'virtual accounts' that convert fiat deposits into USDT or USDC, aiming to lower costs for cross-border payments and remittances.