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Ethereum cryptocurrency fell by 10% in bearish trading with a pullback
The Ethereum cryptocurrency was trading at $2,434.30 at 17:14 GMT on Saturday, according to the Investing.com index, declining by 10.26% on the day. This marked the largest drop in the cryptocurrency’s value since January 31.
The decline also led to a reduction in Ethereum’s market capitalization to $298.41B, or 11.08% of the total cryptocurrency market capitalization. Previously, at its peaks, Ethereum’s market capitalization reached $583.89B.
Over the past 24 hours, Ethereum traded in the range between $2,378.01 and $2,714.59.
Over the past 7 days, Ethereum experienced a price decline totaling 16.31%. The volume of Ethereum traded in the last 24 hours prior to the publication of this material amounted to $36.56B, or 25.68% of the total volume of all cryptocurrencies. The price fluctuated in the range from $2,378.0105 to $3,044.2368 over the past 7 days.
Meanwhile, other cryptocurrencies
Bitcoin was last trading at $78,989.5, according to the Investing.com index, down 4.65% during the day.
Tether USDt was trading at $0.9990, according to the Investing.com index, showing a change of 0.00%.
Bitcoin’s market capitalization stood at $1,598.78B, or 59.35% of the total cryptocurrency market capitalization, while Tether USDt’s market capitalization was $185.07B, or 6.87% of the total crypto market capitalization.
See also: "Bitcoin price today: drop to $83,000 amid liquidations"
