Ethereum Plummets to Largest One-Day Loss Since March
Ethereum's Sharp Decline
Ethereum plummeted to $1,832.33 on Monday, recording its largest one-day percentage loss since March 3. This downward move pushed its market cap to $223.14B, representing 11.71% of the total cryptocurrency market. The cryptocurrency traded between $1,821.95 and $2,144.65 over the past 24 hours.
Over the past seven days, Ethereum has lost 15.7% of its value. Its 24-hour trading volume stood at $29.55B, accounting for 12.41% of the total crypto market volume. Ethereum remains 62.33% below its all-time high of $4,864.06, reached on November 10, 2021.
Bitcoin and Tether's Performance
Bitcoin dropped 5.76% to $77,849.9, while Tether USDt dipped slightly by 0.06% to $1.0000. Bitcoin's market cap dominated at $1,540.42B, or 80.87% of the total crypto market, while Tether's market cap stood at $142.91B, representing 7.50% of the market value.
The cryptocurrency market continues to experience volatility, with Ethereum leading the decline and Bitcoin maintaining its dominance despite the downturn.
What is Coinefficiency?
Coinefficiency is your go-to platform for optimizing cryptocurrency trading, investments and strategies. We provide a comprehensive suite of tools to analyze market trends, monitor price movements, and execute effective trading strategies. Whether you're a seasoned trader or new to crypto, Coinefficiency helps you maximize your profits with data-driven insights.
Why Use Coinefficiency?
- Advanced market analytics to identify trading opportunities.
- Compare markets relative performance.
- Understand market cycles over time. See market levels.
- Compare buy-and-hold, portfolio rebalancing, Dollar-Cost-Averaging trading strategies.
With Coinefficiency, you can stay ahead of the market and execute efficient trading strategies effortlessly.
Get Started with Coinefficiency
Ready to optimize your crypto investments? Take control of your portfolio with cutting-edge tools designed for both beginners and experts.