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
ConsenSys raises $450M in Series D funding, doubles valuation in four months
On Tuesday, ConsenSys, the leading Ethereum and decentralized protocols software company with product suites such as MetaMask, Infura and Truffle, announced...
$300M in crypto liquidations accompanies Bitcoin's surge to $44K
Bitcoin (BTC) hit $44,000 overnight on Mar. 1 as a rally that began Monday sparked unexpected results. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders...
Eth2's Rocket Pool reaches $350M TVL and 635 node operators in five weeks
Rocket Pool, a decentralized Ethereum 2.0 staking platform has surpassed $350 million worth of total value locked (TVL) within five weeks of its official...
First Wikipedia edit NFT sells at Christie’s for $750K
After celebrating its 20th anniversary in January, the free Internet encyclopedia Wikipedia continues making history by selling its first nonfungible token...
Blockchain platform Alchemy raises 250M in Series C led by Andreessen Horowitz
San Francisco-based blockchain web services company Alchemy announced a $250 million Series C fundraising round led by Andreessen Horowitz on Thursday,...
Diminishing returns: Is Bitcoin underperforming compared to altcoins?
The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized...
DeFi: Who, what and how to regulate in a borderless, code-governed world?
Hold onto your hats, boys and girls! It’s a new world — a financial system without intermediaries, that anyone can access 24 hours a day with only a mobile...
US lawmakers propose adding digital assets to 'wash sale' rule and raising capital gains tax
Democrats in the U.S. House of Representatives have proposed tax initiatives to fund a $3.5 trillion spending package which could potentially affect crypto...
Blockchain identity market to grow $3.58B by 2025, report claims
A new report on the potential for blockchain identity management solutions to become integrated across sectors has forecast strong growth for its global...
Druckenmiller: Ethereum is 'MySpace before Facebook' while Bitcoin won as 'Google'
Bitcoin (BTC) is at risk of a “flippening” from Ether (ETH), mainstream media claims as some familiar FUD — fear, uncertainty and doubt —returns to the...
EOS Plunges 32% In Rout
Investing.com - EOS was trading at $9.7897 by 20:03 (00:03 GMT) on the Investing.com Index on Thursday, down 32.34% on the day. It was the largest one-day...
AllianceBlock brings DeFi product suite to Avalanche
AllianceBlock, a decentralized layer-2 solution bridging traditional finance and DeFi, has announced major product integration with Avalanche, the up-and-coming...
Square Got License to Trade Cryptos in New York, Letting Bitcoin Soar
Cash App, a person-to-person payments service, can now be used by New Yorkers to trade cyber coins. The app is a small business service provided by a financial...
Bitcoin Gets Wider Adoption As a Payment Option: How?
Some experts believe that bitcoin and other cryptos are not cut out for being used as public currencies for carrying out daily purchases. For instance,...
ICO Benebit Team Disappeared With $2.7 million
The organizers of the ICO project Benebit disappeared with at least $2.7 million of investors' funds. According to other sources, the amount of money raised...