Ethereum Falls 10% In Selloff
Investing.com – was trading at $1,601.13 by 05:00 (09:00 GMT) on the Investing.com Index on Saturday, down 10.34% on the day. It was the largest one-day percentage loss since May 11.
The move downwards pushed Ethereum’s market cap down to $197.73B, or 16.69% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.
Ethereum had traded in a range of $1,601.13 to $1,681.58 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 8%. The volume of Ethereum traded in the twenty-four hours to time of writing was $18.30B or 27.07% of the total volume of all cryptocurrencies. It has traded in a range of $1,601.1305 to $1,919.3979 in the past 7 days.
At its current price, Ethereum is still down 67.08% from its all-time high of $4,864.06 set on November 10, 2021.
Elsewhere in cryptocurrency trading
was last at $29,082.3 on the Investing.com Index, down 3.10% on the day.
was trading at $1.0001 on the Investing.com Index, a gain of 0.04%.
Bitcoin’s market cap was last at $555.62B or 46.89% of the total cryptocurrency market cap, while Tether’s market cap totaled $72.44B or 6.11% of the total cryptocurrency market value.