Ethereum Falls 11% In Bearish Trade
2022.05.09 21:31
Ethereum Falls 11% In Bearish Trade
Investing.com – Ethereum was trading at $2,288.20 by 14:29 (18:29 GMT) on the Investing.com Index on Monday, down 10.69% on the day. It was the largest one-day percentage loss since January 21.
The move downwards pushed Ethereum’s market cap down to $276.52B, or 19.32% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.
Ethereum had traded in a range of $2,269.42 to $2,529.35 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 17.77%. The volume of Ethereum traded in the twenty-four hours to time of writing was $29.49B or 23.01% of the total volume of all cryptocurrencies. It has traded in a range of $2,269.4163 to $2,963.5447 in the past 7 days.
At its current price, Ethereum is still down 52.96% from its all-time high of $4,864.06 set on November 10, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $31,031.3 on the Investing.com Index, down 8.89% on the day.
Tether was trading at $1.0001 on the Investing.com Index, a loss of 0.01%.
Bitcoin’s market cap was last at $595.29B or 41.59% of the total cryptocurrency market cap, while Tether’s market cap totaled $83.21B or 5.81% of the total cryptocurrency market value.
