Ethereum Falls 10% In Rout
Investing.com – was trading at $1,432.13 by 20:15 (00:15 GMT) on the Investing.com Index on Tuesday, down 10.39% on the day. It was the largest one-day percentage loss since June 16.
The move downwards pushed Ethereum’s market cap down to $175.82B, or 18.00% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.
Ethereum had traded in a range of $1,432.13 to $1,446.06 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 7.9%. The volume of Ethereum traded in the twenty-four hours to time of writing was $20.69B or 27.10% of the total volume of all cryptocurrencies. It has traded in a range of $1,432.1171 to $1,659.9318 in the past 7 days.
At its current price, Ethereum is still down 70.56% from its all-time high of $4,864.06 set on November 10, 2021.
Elsewhere in cryptocurrency trading
was last at $21,204.0 on the Investing.com Index, down 6.10% on the day.
was trading at $0.9999 on the Investing.com Index, a loss of 0.02%.
Bitcoin’s market cap was last at $407.10B or 41.68% of the total cryptocurrency market cap, while Tether’s market cap totaled $65.85B or 6.74% of the total cryptocurrency market value.