Ethereum Falls 10% In Bearish Trade By – Ethereum was trading at $2,898.17 by 23:12 (03:12 GMT) on the Index on Friday, down 10.25% on the day. It was the largest one-day percentage loss since November 9, 2022.

The move downwards pushed Ethereum’s market cap down to $360.89B, or 17.62% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.

Ethereum had traded in a range of $2,896.05 to $3,108.66 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 12.95%. The volume of Ethereum traded in the twenty-four hours to time of writing was $20.66B or 21.95% of the total volume of all cryptocurrencies. It has traded in a range of $2,896.0498 to $3,522.0027 in the past 7 days.

At its current price, Ethereum is still down 40.42% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in cryptocurrency trading

Bitcoin was last at $55,408.9 on the Index, down 6.05% on the day.

Tether USDt was trading at $1.0002 on the Index, a gain of 0.09%.

Bitcoin’s market cap was last at $1,104.18B or 53.90% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $112.45B or 5.49% of the total cryptocurrency market value.

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