Ethereum Falls 19% In Rout
Ethereum Falls 19% In Rout
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Investing.com — Ethereum was trading at $1,170.32 by 13:08 (18:08 GMT) on the Investing.com Index on Wednesday, down 19.19% on the day. It was the largest one-day percentage loss since May 19, 2021.
The move downwards pushed Ethereum’s market cap down to $144.00B, or 17.05% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.
Ethereum had traded in a range of $1,141.62 to $1,337.19 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 24.46%. The volume of Ethereum traded in the twenty-four hours to time of writing was $47.39B or 21.56% of the total volume of all cryptocurrencies. It has traded in a range of $1,141.6151 to $1,666.1705 in the past 7 days.
At its current price, Ethereum is still down 75.94% from its all-time high of $4,864.06 set on November 10, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $16,861.4 on the Investing.com Index, down 12.85% on the day.
Tether was trading at $0.9996 on the Investing.com Index, a loss of 0.06%.
Bitcoin’s market cap was last at $327.86B or 38.83% of the total cryptocurrency market cap, while Tether’s market cap totaled $69.79B or 8.26% of the total cryptocurrency market value.
