On Tuesday, Ethereum experienced a significant drop in price, trading at $2,396.95 on the Investing.com Index, marking a 10.75% decrease – the largest single-day percentage loss since November 9, 2022.
This downward movement caused Ethereum’s market cap to decline to $299.58B, representing 14.18% of the total cryptocurrency market cap. In comparison, its peak market cap reached $569.58B.
Within the previous twenty-four hours, Ethereum fluctuated between $2,396.02 and $2,699.73. Over the last seven days, Ethereum’s value has decreased by 3.68%, with a trading volume of $14.89B – accounting for 21.02% of the total cryptocurrency volume. The price range for Ethereum in the past week was between $2,396.0151 and $2,818.0505.
Currently, Ethereum remains 50.72% below its all-time high of $4,864.06 achieved on November 10, 2021.
Analysis of Other Cryptocurrencies
Bitcoin was valued at $58,331.7 on the Investing.com Index, marking a 7.66% decrease on the day.
Tether USDt was priced at $1.0002 on the Investing.com Index, with no change in value.
Bitcoin’s market cap stands at $1,191.54B, representing 56.41% of the total cryptocurrency market cap, while Tether USDt’s market cap is $118.08B, accounting for 5.59% of the total cryptocurrency market value.
Overall, these recent fluctuations in Ethereum and other cryptocurrencies indicate a volatile market that investors should closely monitor to make informed decisions about their financial portfolios.
