Ethereum Drops 10% in Bearish Trade By

© Reuters Ethereum Falls 10% in a bearish trade – $1,473.42 was trading at 18:38 (22:38 GMT) on the Index on Thursday, down 10.08% on the day. This is the biggest one-day percentage loss since August 26.

The downward move pushed the market cap of Ethereum down to $181.75 billion, or 18.83% of the total cryptocurrency market cap. At its highest, Ethereum had a market capitalization of $569.58 billion.

Ethereum has been trading in a range of $1,467.17 to $1,653.55 in the previous 24 hours.

Over the past seven days, Ethereum has seen a drop in its value, losing 9.02%. The trading volume of Ethereum in the twenty-four hours at the time of writing was $27.04 billion or 31.49% of the total volume of all cryptocurrencies. It has been trading in the range of $1,467.1658 to $1,788.0985 in the past seven days.

At its current price, Ethereum is still down 69.71% from its all-time high of $4,864.06 on November 10, 2021.

Elsewhere in cryptocurrency trading

It was last at $19.723.0 on the Index, down 2.80% on the day.

It traded at $1,001 on the Index, a 0.02% loss.

Bitcoin’s market cap was last at $379.40 billion, or 39.31% of the total cryptocurrency market cap, while Tether’s total market cap was $67.88 billion, or 7.03% of the total cryptocurrency market cap.

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