Ethereum Drops 11% in Bearish Trade By – zimo News

Ethereum drops 11% in bearish trade – The index was trading at $1,297.83 as of 10:18 pm (0218 GMT) on Monday, down 10.64% on the day. It was the largest one-day percentage loss since Aug. 26.

This drop caused Ethereum’s market cap to fall to $164.19 billion, or 17.59% of the total cryptocurrency market cap. At its peak, Ethereum’s market cap was $569.58 billion.

Over the past 24 hours, Ethereum has traded between $1,297.18 and $1,353.00.

In the past 7 days, the value of Ethereum has dropped by 23.72%. Ethereum’s volume in the 24 hours prior to writing was $16.27 billion, or 24.82% of the total volume of all cryptocurrencies. It has traded between $1,297.1814 and $1,751.4982 over the past seven days.

At current prices, Ethereum is still down 73.32% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in Cryptocurrency Trading

The index was last at $18,992.7, down 5.02% on the day.

The index was trading at $1.0002, down 0.02%.

Bitcoin’s market capitalization was last at $372.96 billion, accounting for 39.96% of the total cryptocurrency market capitalization, while Tether’s market capitalization totaled $67.92 billion, accounting for 7.28% of the total cryptocurrency market capitalization.

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