Ethereum Price Plummets by 10% Amidst Crypto Market Volatility
Major Drop in Ethereum Price:
On Saturday, Ethereum experienced a significant drop in price, trading at $2,882.29 by 16:24 (20:24 GMT), down 10.07% for the day. This marks the largest one-day percentage loss since April 13.
Market Cap Impact:
The price decline pushed Ethereum’s market cap down to $352.78B, accounting for 15.85% of the total cryptocurrency market cap. Ethereum’s market cap peaked at $569.58B.
Trading Range and Volume:
Over the past twenty-four hours, Ethereum traded within a range of $2,864.43 to $3,296.69. The volume of Ethereum traded during this period was $21.72B, representing 18.26% of the total cryptocurrency volume.
Weekly Performance and All-Time High:
In the last week, Ethereum saw a 12.25% decline in value. At its current price, Ethereum remains 40.74% lower than its all-time high of $4,864.06 reached on November 10, 2021.
Other Cryptocurrency Updates:
Bitcoin was trading at $61,826.5 on the Investing.com Index, down 7.56% for the day. Tether USDt saw a modest gain, trading at $1.0018.
Bitcoin’s market cap stood at $1,229.11B, representing 55.22% of the total cryptocurrency market cap, while Tether USDt’s market cap was $107.63B, equivalent to 4.84% of the total cryptocurrency market value.
