© Reuters Ethereum Tumbles 20% In Rout
Investing.com – was trading at $2,202.01 by 17:09 (21:09 GMT) on the Investing.com Index on Friday, down 20.19% on the day. It was the largest one-day percentage loss since May 21.
The move downwards pushed Ethereum’s market cap down to $260.86B, or 17.28% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $479.29B.
Ethereum had traded in a range of $2,202.01 to $2,931.66 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 43.74%. The volume of Ethereum traded in the twenty-four hours to time of writing was $47.98B or 22.67% of the total volume of all cryptocurrencies. It has traded in a range of $1,922.2527 to $4,129.9937 in the past 7 days.
At its current price, Ethereum is still down 49.57% from its all-time high of $4,366.10 set on May 12.
Elsewhere in cryptocurrency trading
was last at $35,164.8 on the Investing.com Index, down 13.53% on the day.
Tether was trading at $1.0016 on the Investing.com Index, a gain of 0.01%.
Bitcoin’s market cap was last at $660.22B or 43.73% of the total cryptocurrency market cap, while Tether’s market cap totaled $58.59B or 3.88% of the total cryptocurrency market value.
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