Ethereum Cryptocurrency Drops 11% in Bearish Pullback Trading
As of 07:36 GMT on Friday, the cryptocurrency Ethereum was trading at $2,696.53 according to the Investing.com index, down 11.28% on the day. This marked the largest decline in the cryptocurrency’s value since October 10.
The drop also caused Ethereum’s market capitalization to shrink to $325.91B, or 11.18% of the total market capitalization of all cryptocurrencies. Previously, at its peaks, Ethereum’s market cap stood at $583.89B.
Over the past 24 hours, Ethereum traded between $2,676.87 and $2,885.37.
Over the last 7 days, Ethereum has lost 13.6% in value. The volume of Ethereum traded within 24 hours prior to publication was $46.14B, or 21.57% of the total volume of all cryptocurrencies. The price ranged between $2,676.8743 and $3,248.2168 during the past 7 days.
At the moment, Ethereum has fallen from the all-time high set at .
Meanwhile, other cryptocurrencies
Bitcoin was last trading at $83,839.2 according to the Investing.com index, down 9.04% on the day.
Tether USDt was trading at $1.0002 according to the Investing.com index, showing an increase of 0.04%.
Bitcoin’s market capitalization is $1,702.72B, or 58.41% of the total crypto market cap, while Tether USDt’s market capitalization is $184.58B, or 6.33% of the total crypto market.
See also: "Bitcoin Falls Below $86,000 on U.S. Labor Market Data"
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