Ethereum Falls 10% In Selloff
2022.05.12 16:26
Ethereum Falls 10% In Selloff
Investing.com – Ethereum was trading at $1,946.34 by 09:02 (13:02 GMT) on the Investing.com Index on Thursday, down 10.31% on the day. It was the largest one-day percentage loss since May 11.
The move downwards pushed Ethereum’s market cap down to $235.95B, or 19.42% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.
Ethereum had traded in a range of $1,796.24 to $2,190.51 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 33.29%. The volume of Ethereum traded in the twenty-four hours to time of writing was $53.01B or 21.61% of the total volume of all cryptocurrencies. It has traded in a range of $1,796.2371 to $2,757.1396 in the past 7 days.
At its current price, Ethereum is still down 59.99% from its all-time high of $4,864.06 set on November 10, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $28,364.1 on the Investing.com Index, down 3.42% on the day.
Tether was trading at $0.9959 on the Investing.com Index, a loss of 0.29%.
Bitcoin’s market cap was last at $540.89B or 44.52% of the total cryptocurrency market cap, while Tether’s market cap totaled $82.26B or 6.77% of the total cryptocurrency market value.
