Ripple News

Ethereum Falls 10% In Rout – Ethereum was trading at $283.19 by 20:52 (00:52 GMT) on the Index on Thursday, down 10.03% on the day. It was the largest one-day percentage loss since June 27.

The move downwards pushed Ethereum’s market cap down to $30.45B, or 9.31% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $135.58B.

Ethereum had traded in a range of $283.11 to $289.14 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 4.31%. The volume of Ethereum traded in the twenty-four hours to time of writing was $11.47B or 11.56% of the total volume of all cryptocurrencies. It has traded in a range of $281.5341 to $317.9449 in the past 7 days.

At its current price, Ethereum is still down 80.10% from its all-time high of $1,423.20 set on January 13, 2018.

Elsewhere in cryptocurrency trading

Bitcoin was last at $11,819.1 on the Index, down 8.68% on the day.

XRP was trading at $0.35511 on the Index, a loss of 11.46%.

Bitcoin’s market cap was last at $211.79B or 64.74% of the total cryptocurrency market cap, while XRP’s market cap totaled $15.22B or 4.65% of the total cryptocurrency market value.

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