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Ethereum Surges with Significant One-Day Gains

Ethereum experiences a notable increase in value, impacting its market cap and overall cryptocurrency standings.
Published on 2024-11-21

Ethereum's Notable Price Surge

Ethereum experienced a significant price surge, trading at $3,357.77, marking a 10.06% increase. This surge is the largest one-day percentage gain since early November, considerably boosting Ethereum's market capitalization to $403.43 billion. This accounts for 12.42% of the total cryptocurrency market cap.

Market Cap and Trading Range

Ethereum's market cap has reached its highest at $569.58 billion previously. Within the last 24 hours, Ethereum traded between $3,034.44 and $3,369.44. Over the past week, Ethereum's value has risen by 6.81%, showing a positive trend.

Trading Volume and Market Position

The trading volume for Ethereum over the past 24 hours was $49.47 billion, representing 21.01% of the total cryptocurrency trading volume. Despite these gains, Ethereum remains 30.97% below its all-time high of $4,864.06 recorded in November 2021.

Broader Cryptocurrency Market Context

In the broader cryptocurrency market, Bitcoin was priced at $98,205.2, reflecting a 4.79% increase. Tether USDt showed a slight decrease, trading at $1.0006. Bitcoin's market cap stands at $1,940.04 billion, comprising 59.73% of the total cryptocurrency market cap, while Tether USDt holds a market cap of $130.23 billion, accounting for 4.01% of the market value.

Ethereum's recent performance highlights its significant role and influence within the cryptocurrency landscape, reinforcing its status as a major player in the market.

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