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© Reuters. Ethereum Falls 12% In Bearish Trade
Investing.com – Ethereum was trading at $1,600.49 by 17:44 (21:44 GMT) on the Investing.com Index on Thursday, down 11.65% on the day. It was the largest one-day percentage loss since November 9, 2022.
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 November 10, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $26,077.4 on the Investing.com Index, down 5.59% on the day.
Tether was trading at $0.9996 on the Investing.com 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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