Ethereum Drops 19% Amid Market Surge Via

© Reuters Ethereum Down 19% Amid Market Surge – Price last traded at $1,170.32 by 01:08 (18:08 GMT) on the Index on Wednesday, down 19.19% on the day. And this is the biggest drop in one day since May 19, 2021.

The selling pressure drives the price down. As a result, Ethereum’s total trading cap dropped to $144.00B, or 17.16% of the total cryptocurrency market cap.

Over the past 24 hours, Ethereum has been trading between $1,141.62 and $1,337.19, with a trading value of $47.39B, or 21.92% of the total cryptocurrency trading volume.

Overall, over the past 7 days, the value of Ethereum has been in decline, down 24.46% and has a low-high range of $1,141.6151 to $1,666.1705.

Ethereum’s current price is still down 75.94% from its peak of $4,864.06 on November 10, 2021.

Other cryptocurrency trading status

It was last valued at $16,841.8 according to the Index, down 12.85% on the day.

Traded at the latest price of $0.9996 on the Index, down 0.06%.

Bitcoin’s last total trading cap was $327.86B, which represents 39.08% of the total cryptocurrency market cap, while Tether trades at $69.79B, which represents 8.32% of its market cap.

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