Ethereum Falls 10% In Bearish Trade
2022.05.26 16:21
Ethereum Falls 10% In Bearish Trade
Investing.com – Ethereum was trading at $1,756.77 by 09:18 (13:18 GMT) on the Investing.com Index on Thursday, down 10.26% on the day. It was the largest one-day percentage loss since May 11.
The move downwards pushed Ethereum’s market cap down to $218.63B, or 18.06% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.
Ethereum had traded in a range of $1,744.12 to $1,964.91 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 7.57%. The volume of Ethereum traded in the twenty-four hours to time of writing was $17.85B or 21.59% of the total volume of all cryptocurrencies. It has traded in a range of $1,744.1206 to $2,086.2141 in the past 7 days.
At its current price, Ethereum is still down 63.88% from its all-time high of $4,864.06 set on November 10, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $28,236.7 on the Investing.com Index, down 4.48% on the day.
Tether was trading at $0.9992 on the Investing.com Index, a gain of 0.00%.
Bitcoin’s market cap was last at $550.44B or 45.48% of the total cryptocurrency market cap, while Tether’s market cap totaled $73.20B or 6.05% of the total cryptocurrency market value.
