Ethereum Surges to $1,583.31, Posts Largest Daily Gain Since March 2

Ethereum experienced a notable price surge, trading at $1,583.31 on the Investing.com Index as of 02:04 (06:04 GMT) on Tuesday. This represented a 10.61% increase, marking its largest one-day percentage gain since March 2. The upward movement boosted Ethereum’s market cap to $191.87B, accounting for 7.59% of the total cryptocurrency market cap. Ethereum’s price ranged between $1,543.82 and $1,618.47 over the past 24 hours.

Despite the recent gains, Ethereum has struggled over the past seven days, with its value dropping by 13.67%. The 24-hour trading volume for Ethereum reached $41.57B, representing 21.87% of the total volume of all cryptocurrencies. Over the past week, Ethereum’s price fluctuated between $1,422.7958 and $1,953.5734. At its current price, Ethereum remains 67.45% below its all-time high of $4,864.06, recorded on November 10, 2021.

In other cryptocurrency news, Bitcoin rose to $79,649.0 on the Investing.com Index, posting a 6.56% daily gain. Bitcoin’s market cap stood at $1,584.24B, representing 62.63% of the total cryptocurrency market cap. Tether USDt traded at $0.9998, with a modest 0.07% gain, while its market cap totaled $144.15B, or 5.70% of the total cryptocurrency market value.