Ethereum Plunges to Largest One-Day Loss Since April
Ethereum's Sharp Decline
Ethereum's price plummeted to $1,611.94 on Sunday, marking a 10.13% drop—the largest one-day loss since April 6. This significant decline pushed Ethereum's market cap down to $197.04B, representing 7.77% of the total cryptocurrency market cap.
Recent Trading Range
Over the past 24 hours, Ethereum traded between $1,611.94 and $1,816.30. In the past week, the cryptocurrency has seen a 10.19% drop in value. The 24-hour trading volume for Ethereum reached $11.83B, accounting for 20.55% of the total cryptocurrency volume.
Ethereum's Current Standing
Ethereum is currently 66.86% below its all-time high of $4,864.06, which was achieved on November 10, 2021. The recent price movement reflects broader market volatility impacting major cryptocurrencies.
Broader Market Insights
Bitcoin, the leading cryptocurrency, was last seen trading at $79,041.8, down 4.82% on the day. Bitcoin's market cap stands at $1,583.39B, dominating 62.42% of the total cryptocurrency market. Tether (USDT), a stablecoin, was trading at $0.9995, showing a minor 0.04% loss. Its market cap is $144.02B, representing 5.68% of the total cryptocurrency market value.
This summary captures the latest developments in the cryptocurrency market, highlighting Ethereum's recent performance and its position within the broader market landscape.
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