Summary
- It was reported that Cardano (ADA)'s derivatives trading volume surged by 92.42% over 24 hours.
- It was also stated that ADA's open interest (OI) increased by 12.06%, totaling $1.45 billion.
- Currently, due to profit-taking, ADA price fell by 5.36% in a day and is now trading at $0.8224.
Cardano (ADA) trading volume has surged, particularly in the derivatives market, while ADA is currently undergoing a short-term correction.
According to AMB Crypto, a media outlet specializing in virtual assets (cryptocurrencies), ADA's 24-hour futures trading volume jumped by 92.42% from the previous day to $4.53 billion. Open interest (OI) also increased by 12.06%, reaching $1.45 billion. With the volume spike, ADA hit an intraday high of $0.895.
Currently, there is a correction trend due to profit-taking. As of 15:45 that day, according to the Binance USDT market, ADA was trading at $0.8224, down 5.36% from the previous day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
