Ethereum Plunges 85.44% In Bearish Trade
Investing.com – was trading at $469.22 by 05:44 (04:44 GMT) on the Investing.com Index on Saturday, down 85.44% on the day. It was the largest one-day percentage loss ever.
The move downwards pushed Ethereum’s market cap down to $383.54B, or 18.31% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $479.29B.
Ethereum had traded in a range of $469.22 to $3,287.68 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a stagnation in value, as it only moved 0.63%. The volume of Ethereum traded in the twenty-four hours to time of writing was $20.54B or 18.60% of the total volume of all cryptocurrencies. It has traded in a range of $469.2212 to $3,334.2239 in the past 7 days.
At its current price, Ethereum is still down 89.25% from its all-time high of $4,366.10 set on May 12.
Elsewhere in cryptocurrency trading
was last at $48,664.6 on the Investing.com Index, up 3.30% on the day.
was trading at $2.484026 on the Investing.com Index, a loss of 0.46%.
Bitcoin’s market cap was last at $915.45B or 43.69% of the total cryptocurrency market cap, while Cardano’s market cap totaled $80.06B or 3.82% of the total cryptocurrency market value.
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