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Ethereum Plummets to 10% Loss, Largest Drop Since August 26

Ethereum's price tumbled 10.08% on Thursday, marking its biggest one-day loss since August 26. The cryptocurrency fell to $1,473.42, reducing its market cap to $181.75B, or 18.83% of the total crypto market.
Published on 2022-09-15

Ethereum's Sharp Decline

Ethereum's price dropped significantly on Thursday, falling 10.08% to $1,473.42, its largest one-day percentage loss since August 26. This decline pushed its market cap down to $181.75B, representing 18.83% of the total cryptocurrency market cap. Ethereum traded within a 24-hour range of $1,467.17 to $1,653.55.

Over the past seven days, Ethereum has lost 9.02% of its value. Despite this, it remains a dominant player in the crypto market, with $27.04B worth of Ethereum traded in the last 24 hours, accounting for 31.49% of the total cryptocurrency volume.

Ethereum is still 69.71% below its all-time high of $4,864.06, which was reached on November 10, 2021.

Broader Cryptocurrency Market Performance

Bitcoin, the leading cryptocurrency, was last trading at $19,723.0, down 2.80% on the day. Its market cap stood at $379.40B, or 39.31% of the total cryptocurrency market cap.

Tether, a stablecoin, was trading at $1.0001, experiencing a minor loss of 0.02%. Its market cap was $67.88B, representing 7.03% of the total cryptocurrency market value.

The recent volatility in the cryptocurrency market underscores the importance of staying informed and adapting to changing market conditions for investors and traders.

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