Ethereum Falls 18% In Rout
Investing.com – Ethereum was trading at $84.50 by 00:06 (05:06 GMT) on the Investing.com Index on Friday, down 18.33% on the day. It was the largest one-day percentage loss since September 5.
The move downwards pushed Ethereum’s market cap down to $8.86B, or 8.24% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $135.58B.
Ethereum had traded in a range of $77.65 to $92.07 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 27.32%. The volume of Ethereum traded in the twenty-four hours to time of writing was $2.38B or 13.66% of the total volume of all cryptocurrencies. It has traded in a range of $77.6500 to $127.0822 in the past 7 days.
At its current price, Ethereum is still down 94.06% from its all-time high of $1,423.20 set on January 13.
Elsewhere in cryptocurrency trading
Bitcoin was last at $3,395.6 on the Investing.com Index, down 10.36% on the day.
XRP was trading at $0.29968 on the Investing.com Index, a loss of 11.13%.
Bitcoin’s market cap was last at $59.32B or 55.20% of the total cryptocurrency market cap, while XRP’s market cap totaled $12.14B or 11.30% of the total cryptocurrency market value.