Ethereum Sees Largest Daily Gain Since November 2024, Surges 10.64% to $2,445
Ethereum's Price Surge
Ethereum made a strong comeback on Sunday, trading at $2,445.00 on the Investing.com Index, marking a 10.64% increase. This represents its largest one-day percentage gain since November 6, 2024. The surge pushed its market cap to $271.63B, accounting for 9.18% of the total cryptocurrency market cap.
Despite this upward movement, Ethereum has still seen a 19.54% decline over the past seven days. Its 24-hour trading volume reached $18.64B, representing 20.35% of the total cryptocurrency volume. Ethereum remains 49.73% below its all-time high of $4,864.06, achieved on November 10, 2021.
Broader Market Movements
Bitcoin also saw significant gains, rising 7.24% to $91,428.8. Its market cap stands at $1,763.14B, dominating 59.58% of the total cryptocurrency market.
XRP experienced an even more dramatic surge, gaining 37.30% to trade at $2.9607. Its market cap is now $158.00B, representing 5.34% of the total market value.
Market Insights
The cryptocurrency market continues to show volatility, with Ethereum and other major cryptocurrencies experiencing both short-term gains and longer-term declines. Investors remain cautious, eyeing market movements closely as the sector evolves.
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