Ethereum Falls 17% In Bearish Trade

Ethereum Falls 17% In Bearish Trade

Investing.com - Ethereum was trading at $2,576.98 by 00:20 (04:20 GMT) on the Investing.com Index on Thursday, down 16.73% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed Ethereum's market cap down to $296.99B, or 17.89% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $479.29B.

Our top trading bots

Ethereum had traded in a range of $2,163.40 to $2,583.60 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 35.44%. The volume of Ethereum traded in the twenty-four hours to time of writing was $92.97B or 22.92% of the total volume of all cryptocurrencies. It has traded in a range of $1,922.2527 to $4,171.7593 in the past 7 days.

At its current price, Ethereum is still down 40.98% from its all-time high of $4,366.10 set on May 12.

Elsewhere in cryptocurrency trading

Bitcoin was last at $39,640.2 on the Investing.com Index, down 2.23% on the day.

Tether was trading at $1.0019 on the Investing.com Index, a gain of 0.06%.

Bitcoin's market cap was last at $740.03B or 44.59% of the total cryptocurrency market cap, while Tether's market cap totaled $58.10B or 3.50% of the total cryptocurrency market value.

Continue reading at Investing.com
Bored Ape NFT holders to receive ApeCoin: ‘The Dogecoin of NFTs’
Owners of Bored Ape Yacht Club (BAYC) NFTs — including celeb holders like Eminem, Steph Curry, Jimmy Fallon and Mark Cuban — are set to receive a brand...
Terra sponsors Washington Nationals, Bitstamp backs Immortals esports
Sports and esports fans will soon see more crypto ads during games as Terra has partnered up with the Washington Nationals MLB team and crypto exchange...
$3.3B Bitcoin mining company Griid to list on NYSE via SPAC deal
In a filing with the United States Securities and Exchange Commission on Tuesday, special purpose acquisition company, or SPAC, Adit EdTech Acquisition...
EY selects Polygon to scale its enterprise blockchain products on Ethereum
Announced on Monday, EY’s flagship blockchain services including EY OpsChain and EY Blockchain Analyzer will be integrated with Polygon, allowing transactions...
Bitso to assist the launch of El Salvador's official Bitcoin wallet Chivo
Bitso, a major cryptocurrency exchange in Latin America, will be the core crypto service provider for El Salvador’s official Bitcoin (BTC) wallet, known...
Cointelegraph Consulting: Stablecoin activity drops after May peak
Stablecoin usage lost steam amid the recent crypto market downturn. From peaking at nearly $2 billion on May 19, the daily transaction volume has fallen...
Gaming giant Ubisoft joins Aleph.im as core channel node operator
French video game developer Ubisoft is furthering its blockchain ambitions by joining the Aleph.im network in the capacity of channel node operator, setting...
Former EU trade commissioner joins advisory board for DeFi dispute resolution platform
Phil Hogan, who served the European Commissioner for Trade for less than a year, will be joining the advisory board for the Astra protocol.In a Tuesday...
1inch Foundation upgrades governance framework
1inch Foundation, the non-profit arm of the 1inch decentralized exchange aggregator, has introduced important changes to its governance framework intended...
Here’s why one analyst says Bitcoin will outperform Ethereum in the short term
In terms of price potential, Bitcoin (BTC) is staring at the possibility of outperforming Ether (ETH) in the short term.So believes David Lifshitz, chief...
Bitcoin slides below $40,000, ether tumbles
TOKYO (Reuters) - Bitcoin's volatile week-long slide saw it tumble to below the $40,000 mark on Wednesday as news of further restrictions on cryptocurrency...
The convergence between Tesla, SpaceX, renewable energy and Bitcoin mining
Tesla — a top 10 company in the Fortune 100 that is run by one of the world’s wealthiest people, Elon Musk — transferred $1.5 billion of its treasury cash...
YouTuber claims he'll buy 111 Tesla Model 3s... if Elon Musk accepts Bitcoin Cash
A Bitcoin Cash (BCH) YouTuber has promised to buy 111 Tesla Model 3s … but only if Tesla CEO Elon Musk agrees to accept BCH for Tesla purchases from now...
Badger DAO integrates with institutional DeFi gateway Fireblocks
In a blog post today, decentralized finance (DeFi) protocol Badger DAO announced a forthcoming integration with Fireblocks, a digital asset storage, management,...
Following $6.5 million CFTC fine, Coinbase delays direct stock listing
After settling charges of improper reporting of exchange volume and “self-trading” with the CFTC yesterday, reports have emerged that cryptocurrency exchange...