Ethereum Falls 10% In Rout

Investing.com – was trading at $988.38 by 00:53 (05:53 GMT) on the Investing.com Index on Tuesday, down 10.07% on the day. It was the largest one-day percentage loss since September 5, 2020.

The move downwards pushed Ethereum’s market cap down to $113.71B, or 13.52% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $135.58B.

Ethereum had traded in a range of $988.26 to $1,131.56 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a rise in value, as it gained 42.31%. The volume of Ethereum traded in the twenty-four hours to time of writing was $59.01B or 32.64% of the total volume of all cryptocurrencies. It has traded in a range of $715.1451 to $1,158.2742 in the past 7 days.

At its current price, Ethereum is still down 30.55% from its all-time high of $1,423.20 set on January 13, 2018.

Elsewhere in cryptocurrency trading

was last at $30,295.5 on the Investing.com Index, down 8.44% on the day.

Tether was trading at $0.9993 on the Investing.com Index, a loss of 0.05%.

Bitcoin’s market cap was last at $566.67B or 67.39% of the total cryptocurrency market cap, while Tether’s market cap totaled $21.82B or 2.59% of the total cryptocurrency market value.