Ethereum Falls 10% In Rout

Ethereum Falls 10% In Rout

Investing.com - Ethereum was trading at $2,163.46 by 22:39 (02:39 GMT) on the Investing.com Index on Friday, down 10.19% on the day. It was the largest one-day percentage loss since February 23.

The move downwards pushed Ethereum's market cap down to $255.45B, or 14.58% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $290.29B.

Our top trading bots

Ethereum had traded in a range of $2,141.95 to $2,440.21 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 12%. The volume of Ethereum traded in the twenty-four hours to time of writing was $53.51B or 23.22% of the total volume of all cryptocurrencies. It has traded in a range of $1,948.9327 to $2,642.9900 in the past 7 days.

At its current price, Ethereum is still down 18.14% from its all-time high of $2,642.99 set on April 22.

Elsewhere in cryptocurrency trading

Bitcoin was last at $49,201.0 on the Investing.com Index, down 8.54% on the day.

Binance Coin was trading at $458.15 on the Investing.com Index, a loss of 17.40%.

Bitcoin's market cap was last at $927.44B or 52.93% of the total cryptocurrency market cap, while Binance Coin's market cap totaled $71.97B or 4.11% of the total cryptocurrency market value.

Read on relating to Investing.com
Love it or hate it, crypto’s vibe shift is now imminent
Last month, cultural critic Alison P. Davis published an article in The Cut titled “A Vibe Shift is Coming. Will Any of Us Survive It?” The “vibe shift”...
Vitalik Buterin talks crypto’s perils in Time Magazine interview
Ethereum co-founder Vitalik Buterin graced the front page of Time Magazine this month after he was interviewed by the publication about the potential perils...
ECB president calls for crypto regulation in response to Russia potentially evading sanctions
Christine Lagarde, president of the European Central Bank (ECB), has called on lawmakers to approve a regulatory framework on crypto, hinting at potentially...
Crypto 'best place' to store wealth during Fed rate hike: Pantera CEO
The CEO and founder of leading blockchain venture fund Pantera Capital, Dan Morehead, stated that digital assets will be the “best place” to store capital...
Bringing crypto market 'into the light' doesn’t address enforcement: CFTC chair
Commodity Futures Trading Commission chair Rostin Behnam is looking to members of Congress to address the Commission’s lack of enforcement authority in...
Checkout.com raises $1B in Series D, bringing valuation to $40B
Global payments processor Checkout.com announced a $1 billion Series D funding round on Wednesday, which marks a total of $1.8 billion raised to date and...
Altcoin Roundup: Dogecoin, Shiba Inu and memes are hauling the dogsled to mass adoption
2021 has been a breakout year for the cryptocurrency sector, as the passage of the first Bitcoin (BTC) exchange-traded fund (ETF) is a sign that crypto...
This bullish Bitcoin options strategy targets $50K without risk of liquidation
Long-dated Bitcoin options and bulls still make waves with their ultra bullish bets, but even they must admit that the possibility of (BTC) trading above...
Sushiswap to deploy full suite of Sushi products on Harmony’s blockchain
As the Harmony blockchain approaches the two-year anniversary of its mainnet launch, decentralized exchange SushiSwap will be deploying Sushi products related...
Canada’s Hive Blockchain Technologies approved for Nasdaq listing
While the SEC continues to slow-roll the listing of a Bitcoin ETF, traders on legacy exchanges eager to get some exposure to crypto will soon have another...
Bitcoin likely won’t entirely replace current financial system, Coin Center director says
Bitcoin may not mean an end to traditional currency and banking, according to research director of Coin Center Peter Van Valkenburgh “I think there are...
EY invests $100 million to expand blockchain product suite, launches DeFi contract simulator
“Big Four” accounting firm, Ernst & Young Global Limited, or EY, is continuing to invest heavily in blockchain, investing $100 million into engineering...
Galaxy Digital to acquire crypto custodian and services provider BitGo
Galaxy Digital, a crypto and blockchain-focused financial services and investment manager founded by Mike Novogratz, is set to acquire institutional crypto...
Litecoin Falls 10% In Rout
Investing.com - Litecoin was trading at $289.445 by 20:29 (00:29 GMT) on the Investing.com Index on Sunday, down 10.16% on the day. It was the largest one-day...
Cointelegraph Consulting: Hype for NFTs is real, but what about transaction volume?
Covalent’s latest findings in Cointelegraph Consulting’s biweekly newsletter indicate that the nonfungible token, or NFT, market has whales of its own.The...