Ethereum Falls 11.65% In Bearish Trade


[ad_1] – Ethereum was trading at $1,600.49 by 03:14 (21:44 GMT) on the Index on Thursday, down 11.65% on the day. It was the largest one-day percentage loss since Thursday, August 17, 2023.

The move downwards pushed Ethereum’s market cap down to $205.23B, or 18.72% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.

Ethereum had traded in a range of $1,600.49 to $1,809.81 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 7.66%. The volume of Ethereum traded in the twenty-four hours to time of writing was $8.59B or 19.86% of the total volume of all cryptocurrencies. It has traded in a range of $1,600.4943 to $1,861.5049 in the past 7 days.

At its current price, Ethereum is still down 67.10% from its all-time high of $4,864.06 set on Wednesday, November 10, 2021.

Elsewhere in cryptocurrency trading

Bitcoin, was last at $25,563.5 on the Index, down 5.59% on the day.

Tether was trading at $0.9997 on the Index, a gain of 0.05%.

Bitcoin’s market cap was last at $537.59B or 49.05% of the total cryptocurrency market cap, while Tether’s market cap totaled $82.95B or 7.57% of the total cryptocurrency market value.


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