Ethereum Falls 10.47% In Bearish Trade

Fibo Quantum – was trading at $1,549.80 by 19:25 (13:55 GMT) on the Index on Tuesday, down 10.47% on the day. It was the largest one-day percentage loss since Tuesday, February 23, 2021.

The move downwards pushed Ethereum’s market cap down to $176.49B, or 12.18% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $225.07B.

Ethereum had traded in a range of $1,370.45 to $1,781.44 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 14.85%. The volume of Ethereum traded in the twenty-four hours to time of writing was $55.21B or 19.56% of the total volume of all cryptocurrencies. It has traded in a range of $1,370.4504 to $2,040.7922 in the past 7 days.

At its current price, Ethereum is still down 24.06% from its all-time high of $2,040.79 set on Saturday, February 20, 2021.

Elsewhere in cryptocurrency trading

, was last at $48,933.2 on the Index, down 6.32% on the day.

Tether was trading at $0.9997 on the Index, a gain of 0.00%.

Bitcoin’s market cap was last at $910.08B or 62.78% of the total cryptocurrency market cap, while Tether’s market cap totaled $34.76B or 2.40% of the total cryptocurrency market value.

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