© Reuters Ethereum Falls 11% In Rout
Investing.com – was trading at $976.75 by 04:20 (08:20 GMT) on the Investing.com Index on Saturday, down 10.84% on the day. It was the largest one-day percentage loss since June 16.
The move downwards pushed Ethereum’s market cap down to $121.48B, or 14.49% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.
Ethereum had traded in a range of $976.75 to $1,096.93 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 40.06%. The volume of Ethereum traded in the twenty-four hours to time of writing was $13.66B or 21.80% of the total volume of all cryptocurrencies. It has traded in a range of $976.7493 to $1,542.0099 in the past 7 days.
At its current price, Ethereum is still down 79.92% from its all-time high of $4,864.06 set on November 10, 2021.
Elsewhere in cryptocurrency trading
was last at $18,805.0 on the Investing.com Index, down 10.74% on the day.
was trading at $0.9983 on the Investing.com Index, a loss of 0.12%.
Bitcoin’s market cap was last at $363.83B or 43.54% of the total cryptocurrency market cap, while Tether’s market cap totaled $68.15B or 8.16% of the total cryptocurrency market value.
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