Ethereum Tumbles 20% In Bearish Trade

Investing.com – Ethereum was trading at $84.73 by 21:50 (02:50 GMT) on the Investing.com Index on Friday, down 20.12% on the day. It was the largest one-day percentage loss since December 22, 2017.

The move downwards pushed Ethereum’s market cap down to $8.94B, or 8.32% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $135.58B.

Ethereum had traded in a range of $77.98 to $92.07 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 26.62%. The volume of Ethereum traded in the twenty-four hours to time of writing was $2.33B or 13.64% of the total volume of all cryptocurrencies. It has traded in a range of $77.9844 to $127.0822 in the past 7 days.

At its current price, Ethereum is still down 94.05% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

Bitcoin was last at $3,384.6 on the Investing.com Index, down 11.20% on the day.

XRP was trading at $0.29890 on the Investing.com Index, a loss of 13.18%.

Bitcoin’s market cap was last at $59.35B or 55.18% of the total cryptocurrency market cap, while XRP’s market cap totaled $12.13B or 11.28% of the total cryptocurrency market value.

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Hayden P.

A blockchain and cryptocurrency enthusiast

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