Ethereum Takes a Nosedive in the Cryptocurrency Market
Ethereum Plummet: Ethereum suffered a significant setback, trading at $3,151.48 by 14:36 (18:36 GMT) on the Investing.com Index on Friday, marking a 10.09% decline – the largest one-day percentage loss since November 9, 2022.
Market Cap Dip: The downtrend drove Ethereum’s market cap to $399.60B, representing 15.99% of the total cryptocurrency market cap. Previously, Ethereum held a market cap high of $569.58B.
Recent Trading Range: Ethereum fluctuated in a range of $3,150.92 to $3,551.22 over the previous twenty-four hours.
Stagnant Performance: Over the past week, Ethereum’s value remained relatively stagnant, with only a minor increase of 0.16%. The trading volume within the last twenty-four hours amounted to $14.47B or 16.09% of the total cryptocurrency volume, ranging from $3,150.9238 to $3,727.8689 in the past seven days.
Down from All-Time High: Despite the current price, Ethereum stands 35.21% below its all-time high of $4,864.06 set on November 10, 2021.
Elsewhere in the Cryptocurrency Market
Bitcoin’s Loss: Bitcoin saw a decrease, trading at $65,942.3 on the Investing.com Index with a 5.10% decline.
Tether USDt Shift: Tether USDt suffered a loss, trading at $0.9998 on the Investing.com Index, a drop of 0.03%.
Market Cap Comparison: Bitcoin held a market cap of $1,338.23B, comprising 53.53% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $107.24B, representing 4.29% of the total cryptocurrency market value.
