Ethereum Falls 15% In Rout By Investing.com

Investing.com – was trading at $2,431.45 by 06:37 (11:37 GMT) on the Investing.com Index on Saturday, down 14.62% on the day. It was the largest one-day percentage loss since June 21, 2021.

The move downwards pushed Ethereum’s market cap down to $291.21B, or 18.08% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.

Ethereum had traded in a range of $2,311.80 to $2,621.21 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 26.52%. The volume of Ethereum traded in the twenty-four hours to time of writing was $31.08B or 20.66% of the total volume of all cryptocurrencies. It has traded in a range of $2,311.7964 to $3,388.2209 in the past 7 days.

At its current price, Ethereum is still down 50.01% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in cryptocurrency trading

was last at $35,281.8 on the Investing.com Index, down 9.29% on the day.

was trading at $1.0004 on the Investing.com Index, a gain of 0.02%.

Bitcoin’s market cap was last at $670.43B or 41.62% of the total cryptocurrency market cap, while Tether’s market cap totaled $78.30B or 4.86% of the total cryptocurrency market value.