Story
Cardano (ADA) Surges Over 10% in Largest Daily Gain Since August
Cardano (ADA) surged more than 10% on Thursday, marking its largest single-day percentage gain in over a week. The move pushed the cryptocurrency's price to approximately $0.2153, according to data from the Investing.com Index as of 14:49 GMT.
Details of the Rally
The sharp upward move represented a 10.26% increase for the day, the most significant daily jump for the asset since August 21, 2026. This rally boosted Cardano's total market capitalization to $7.8471 billion, accounting for about 0.29% of the entire cryptocurrency market.
Key metrics for the period include:
- 24-Hour Trading Range: $0.1995 to $0.2153
- 24-Hour Volume: $491.5155 million
- Peak Market Cap (historical): $94.8001 billion
Market Context and Performance
AdDespite the significant daily gain, Cardano has traded within a relatively narrow band over the past week, with prices moving between $0.1900 and $0.2179. From a longer-term perspective, the token remains significantly below its peak.
The current price is approximately 93.05% lower than its all-time high of $3.10, which was set on September 2, 2021. This highlights the substantial distance the asset has to cover to approach its previous highs.
Broader Crypto Market Gains
Cardano's rally occurred amid a broader positive trend in the digital asset market, with other major cryptocurrencies also posting gains. The upward momentum suggests a wider risk-on sentiment among crypto investors.
According to the same data source, Bitcoin (BTC) was trading at $80,444.3, an increase of 4.23% on the day. Ethereum (ETH) rose by 3.28% to trade at $2,486.17. Bitcoin and Ethereum currently command 59.76% and 11.19% of the total crypto market capitalization, respectively.
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.