Discover the latest updates on Ethereum's price movement and market cap. Ethereum was trading at $2,396.95, experiencing a significant 10.75% decrease, the largest one-day percentage loss since November 9, 2022.
This downward trend led to Ethereum's market cap dropping to $299.58B, representing 14.18% of the total cryptocurrency market cap. Previously, Ethereum's market cap had reached $569.58B.
Within the last twenty-four hours, Ethereum's price fluctuated between $2,396.02 and $2,699.73. Over the past week, Ethereum has seen a 3.68% decrease in value, with a trading volume of $14.89B, accounting for 21.02% of the total cryptocurrency volume. Its price range over the past 7 days was $2,396.0151 to $2,818.0505.
Currently, Ethereum is down by 50.72% from its all-time high of $4,864.06 achieved on November 10, 2021.
Other Cryptocurrency Updates
Bitcoin was trading at $58,331.7, experiencing a 7.66% decrease on the day. Tether USDt maintained its value at $1.0002.
Bitcoin's market cap stands at $1,191.54B, representing 56.41% of the total cryptocurrency market cap, while Tether USDt's market cap is $118.08B, accounting for 5.59% of the total cryptocurrency market value.
Analysis and Impact:
The recent price drop in Ethereum indicates a volatile market for cryptocurrencies. Investors should closely monitor these fluctuations to make informed decisions about their investments. With Ethereum's price significantly lower than its all-time high, there may be potential opportunities for buying or trading. It is essential to conduct thorough research and seek advice from financial experts before making any investment decisions in the cryptocurrency market.