Ethereum Price Drops to $1,402 Amid Market Volatility
Ethereum's Price Plummets
Ethereum's price dropped to $1,402.32, representing an 11.52% decline, its steepest one-day loss since August 19. This downturn reduced Ethereum's market cap to $179.41B, accounting for 18.40% of the total cryptocurrency market.
Recent Trading Range and Performance
Over the past 24 hours, Ethereum traded between $1,402.32 and $1,576.10. In the last seven days, its value declined by 6.93%. The 24-hour trading volume for Ethereum reached $29.07B, making up 19.15% of the total cryptocurrency volume.
Ethereum's Long-Term Perspective
Ethereum remains 71.17% below its all-time high of $4,864.06, recorded on November 10, 2021. Despite this, it continues to be a major player in the cryptocurrency market.
Bitcoin and Tether's Movements
Bitcoin fell to $19,019.7, down 8.21% on the day, with a market cap of $375.19B. Tether, however, saw a slight increase of 0.02% to $1.0002. Bitcoin dominates the market with a 38.49% share, while Tether holds a 7.13% share.
The cryptocurrency market remains volatile, with Ethereum and Bitcoin experiencing significant price swings amid broader market uncertainty.
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