Cardano Drops 10% as Crypto Market Selloff Deepens

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June 6, 2026 — Cardano (ADA) fell more than 10% on Saturday, marking its largest one-day percentage decline since June 5 and extending losses across the cryptocurrency market. The token was trading at $0.1518 on the Investing.com Index at the time of the report.

The decline pushed Cardano's market capitalization down to approximately $5.62 billion, representing about 0.27% of the total cryptocurrency market value.

Weekly Losses Exceed 34%

Cardano has remained under significant pressure over the past week, losing roughly 34.3% of its value during the seven-day period. Over the previous 24 hours, the cryptocurrency traded within a range of $0.1518 to $0.1623.

Trading activity remained elevated, with approximately $1.03 billion worth of Cardano changing hands over the last 24 hours, accounting for about 0.62% of total cryptocurrency trading volume.

ADA Remains Far Below Record High

Despite its prominence among digital assets, Cardano remains approximately 95.1% below its all-time high of $3.10, reached in September 2021.

The recent selloff highlights the ongoing volatility across cryptocurrency markets, where prices have faced sustained pressure in recent sessions.

Bitcoin and Ethereum Also Retreat

The broader cryptocurrency market also weakened, with Bitcoin trading at approximately $60,158.4, down 5.38% on the day, while Ethereum fell 11.75% to around $1,539.66.

Bitcoin continued to dominate the market with a capitalization of about $1.22 trillion, while Ethereum's market value stood near $188.66 billion at the time of the report.