Ethereum Surges 10% in Largest Daily Gain Since April
Ethereum experienced a notable surge, climbing 10.29% to $1,633.53 on Wednesday, marking its largest one-day gain since April 9. This upward movement boosted Ethereum's market cap to $191.63B, representing 7.40% of the total cryptocurrency market cap. Despite this rally, Ethereum remains 66.42% below its all-time high of $4,864.06, reached on November 10, 2021.
Over the past 24 hours, Ethereum traded between $1,388.12 and $1,633.53, with a significant $33.68B in trading volume, accounting for 22.61% of the total cryptocurrency volume. However, over the past week, Ethereum's value dropped 16%, reflecting ongoing market volatility.
In other cryptocurrency news, Bitcoin rose 6.16% to $82,101.2, with a market cap of $1,619.60B, dominating 62.57% of the total cryptocurrency market. Tether USDt saw a modest 0.02% gain, trading at $0.9995, with a market cap of $143.95B, representing 5.56% of the total market value.
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