Ethereum Falls 11% In Selloff


Ethereum was trading at $1,016.14 by 00:26 (05:26 GMT) on the Investing.com Index on Wednesday, down 11.02% on the day. It was the largest one-day percentage loss since January 11.

The move downwards pushed Ethereum's market cap down to $117.88B, or 12.95% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $147.00B.

Ethereum had traded in a range of $990.96 to $1,058.07 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 6.04%. The volume of Ethereum traded in the twenty-four hours to time of writing was $37.23B or 24.09% of the total volume of all cryptocurrencies. It has traded in a range of $917.9643 to $1,347.9818 in the past 7 days.

At its current price, Ethereum is still down 28.60% from its all-time high of $1,423.20 set on January 13, 2018.

Elsewhere in cryptocurrency trading

Bitcoin was last at $33,014.4 on the Investing.com Index, down 6.56% on the day.

Tether was trading at $1.0013 on the Investing.com Index, a loss of 0.11%.

Bitcoin's market cap was last at $622.82B or 68.43% of the total cryptocurrency market cap, while Tether's market cap totaled $24.24B or 2.66% of the total cryptocurrency market value.

Source: https://www.investing.com