{"id":321,"date":"2026-06-03T15:49:10","date_gmt":"2026-06-03T15:49:10","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=321"},"modified":"2026-06-03T15:49:10","modified_gmt":"2026-06-03T15:49:10","slug":"cardano-once-the-third-largest-cryptocurrency-hits-6-year-low-heres-why","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=321","title":{"rendered":"Cardano\u2014Once The Third-Largest Cryptocurrency\u2014Hits 6-Year Low: Here\u2019s Why"},"content":{"rendered":"<div>\n<h2>Why Are Bitcoin And Other Cryptocurrencies Trading Down?<\/h2>\n<p>The latest decline for bitcoin came after the cryptocurrency\u2019s largest institutional holder, billionaire Michael Saylor\u2019s Strategy, announced it would sell 32 bitcoins to raise about $2.5 million. That\u2019s the second such sale from Strategy and its first since December 2022, appearing to spark broader pessimism across the crypto market.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=319\">California Primaries Too Close To Call: Bass Advances In LA Mayor\u2019s Race<\/a><\/p>\n<h2>Big Number<\/h2>\n<p>$91.6 billion. That was Cardano\u2019s all-time market value, set in August 2021, when the token ranked as the third-largest cryptocurrency behind bitcoin and ethereum. Cardano has a market capitalization of just $7.7 billion as of Wednesday, ranking the 13th-largest cryptocurrency. <\/p>\n<h2>Surprising Fact<\/h2>\n<p>About 67% of Cardano\u2019s supply is controlled by holders with at least 1 million tokens, according to the crypto analysis firm Santiment. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=317\">U.S. Presses For Kenyan Quarantine Center\u2014Despite Deadly Protests (Live Updates)<\/a><\/p>\n<div><\/div>\n<h2>Key Background<\/h2>\n<p>Cardano was among the cryptocurrencies that rode a surge in market demand after the pandemic, though the token has fallen since its 2021 peak. Even as it rallied, competition intensified among other larger cryptocurrencies, including ethereum, the world\u2019s second-largest cryptocurrency, lowering demand for Cardano. It benefited from another brief surge in late 2024 and early 2025 as the Trump administration pushed pro-crypto legislation and as President Donald Trump called for the U.S. to become the \u201ccrypto capital of the world,\u201d but the token steadily declined after hitting a peak of $1.21 in December 2024.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=315\">Arizona Resident Dies Of Hantavirus Variant Just As Deadly As Cruise Ship Strain<\/a><\/p>\n<h2>Further Reading<\/h2>\n<p><span><span>Forbes<\/span><span>Bitcoin Falls Below $70,000 For The First Time Since April<\/span><small>By <span>Siladitya Ray<\/span><\/small><\/span><span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s market value has plummeted by more than $80 billion in recent years.<\/p>\n","protected":false},"author":1,"featured_media":320,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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