Ethereum Cryptocurrency Drops by 10% in Bearish Trading With a Pullback
The cryptocurrency Ethereum was trading at $2,737.54 at 16:04 GMT on Monday according to the Investing.com index, falling by 10.05% on the day. This was the most significant decline in the cryptocurrency’s value since October 10.
The drop also triggered a decrease in Ethereum’s market capitalization to $331.16B, or 11.49% of the total market capitalization of all cryptocurrencies. Meanwhile, earlier at its peaks, Ethereum’s market capitalization amounted to $583.89B.
Over the past 24 hours, Ethereum traded within the range of $2,720.53 to $2,996.25.
Over the past 7 days, the cryptocurrency Ethereum experienced a decline in price and lost 3.55%. The trading volume of Ethereum during the last 24 hours before the publication of this material amounted to $30.51B, or 19.34% of the total volume of all cryptocurrencies. The price fluctuated between $2,720.5325 and $3,094.1436 over the past 7 days.
At the moment, Ethereum has fallen from its previously established all-time high.
Meanwhile, other cryptocurrencies
Bitcoin was last trading at $84,514.2, according to the Investing.com index, declining by 7.96% on the day.
Tether USDt was trading at $1.0003, according to the Investing.com index, showing an increase of 0.02%.
Bitcoin's market capitalization stands at $1,687.56B or 58.54% of the entire cryptocurrency market capitalization, while Tether USDt’s market capitalization totals $184.57B or 6.40% of the total crypto market.
See also: "XRP Cryptocurrency Drops 10% in Bearish Trading With Pullback"
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