Ethereum Falls 15% In Bearish Trade
Investing.com – Ethereum was trading at $166.70 by 11:05 (15:05 GMT) on the Investing.com Index on Wednesday, down 14.73% on the day. It was the largest one-day percentage loss since September 24.
The move downwards pushed Ethereum’s market cap down to $18.16B, or 8.13% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $135.58B.
Ethereum had traded in a range of $162.12 to $174.26 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 21.18%. The volume of Ethereum traded in the twenty-four hours to time of writing was $13.47B or 12.75% of the total volume of all cryptocurrencies. It has traded in a range of $162.1217 to $223.3548 in the past 7 days.
At its current price, Ethereum is still down 88.29% from its all-time high of $1,423.20 set on January 13, 2018.
Elsewhere in cryptocurrency trading
Bitcoin was last at $8,381.1 on the Investing.com Index, down 13.74% on the day.
XRP was trading at $0.24190 on the Investing.com Index, a loss of 7.74%.
Bitcoin’s market cap was last at $151.28B or 67.73% of the total cryptocurrency market cap, while XRP’s market cap totaled $10.46B or 4.68% of the total cryptocurrency market value.
Source: investing.com
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