Ethereum Falls 11% In Selloff
2022.05.11 16:01
Ethereum Falls 11% In Selloff
Investing.com – Ethereum was trading at $2,185.48 by 08:55 (12:55 GMT) on the Investing.com Index on Wednesday, down 10.60% on the day. It was the largest one-day percentage loss since May 9.
The move downwards pushed Ethereum’s market cap down to $273.45B, or 20.66% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.
Ethereum had traded in a range of $2,138.41 to $2,451.33 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 20.76%. The volume of Ethereum traded in the twenty-four hours to time of writing was $37.50B or 22.71% of the total volume of all cryptocurrencies. It has traded in a range of $2,138.4106 to $2,952.8398 in the past 7 days.
At its current price, Ethereum is still down 55.07% from its all-time high of $4,864.06 set on November 10, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $29,583.2 on the Investing.com Index, down 8.04% on the day.
Tether was trading at $0.9986 on the Investing.com Index, a loss of 0.17%.
Bitcoin’s market cap was last at $571.61B or 43.18% of the total cryptocurrency market cap, while Tether’s market cap totaled $82.71B or 6.25% of the total cryptocurrency market value.
