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Ethereum Cryptocurrency Drops 11% in Bearish Trading With Pullback
The cryptocurrency Ethereum was trading at $3,114.64 at 04:39 GMT on Friday, according to the Investing.com index, falling 10.59% on the day. This was the most significant drop in the cryptocurrency’s value since October 10.
The decline also pushed Ethereum’s market capitalization down to $382.39B, or 11.63% of the total market capitalization of all cryptocurrencies. Previously, at its peaks, Ethereum’s market cap had reached $583.89B.
Over the past 24 hours, Ethereum traded between $3,114.64 and $3,251.49.
Over the last 7 days, Ethereum experienced a price drop of 4.73%. The volume of Ethereum traded in the last 24 hours up to the time of publication was $49.03B, or 22.43% of the total volume of all cryptocurrencies. The price ranged between $3,114.6428 and $3,657.3743 over the past 7 days.
At the moment, Ethereum has fallen from the peak previously set.
(The peak value is missing in the provided text.)
Meanwhile, other cryptocurrencies
Bitcoin was last trading at $97,359.7, according to the Investing.com index, down 5.09% for the day.
Tether USDt was trading at $1.0005, according to the Investing.com index, down 0.04%.
Bitcoin’s market capitalization is $1,949.89B, or 59.29% of the total cryptocurrency market capitalization, while Tether USDt’s market capitalization is $183.98B, or 5.59% of the total crypto market.
See also: "Bitcoin Price Today: Drop to a 6-Month Low Below $100,000"
