– Ethereum was trading at $2,830.64 by 04:21 (08:21 GMT) on the Index on Wednesday, down 10.33% on the day. It was the largest one-day percentage loss since November 9, 2022.

The move downwards pushed Ethereum’s market cap down to $349.03B, or 16.45% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $569.58B.

Ethereum had traded in a range of $2,830.61 to $3,023.06 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 11.91%. The volume of Ethereum traded in the twenty-four hours to time of writing was $20.27B or 19.90% of the total volume of all cryptocurrencies. It has traded in a range of $2,830.6101 to $3,347.4514 in the past 7 days.

At its current price, Ethereum is still down 41.81% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in cryptocurrency trading

Bitcoin was last at $56,875.8 on the Index, down 8.17% on the day.

Tether USDt was trading at $0.9993 on the Index, a loss of 0.07%.

Bitcoin’s market cap was last at $1,123.02B or 52.92% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $110.50B or 5.21% of the total cryptocurrency market value.

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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