Ethereum Tumbles 20.28% In Selloff

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Ethereum Tumbles 20.28% In Selloff

Investing.com - Ethereum was trading at $1,110.37 by 04:07 (22:37 GMT) on the Investing.com Index on Thursday, down 20.28% on the day. It was the largest one-day percentage loss since Thursday, March 12, 2020.

The move downwards pushed Ethereum's market cap down to $128.97B, or 14.73% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $159.04B.

Ethereum had traded in a range of $1,104.31 to $1,387.39 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 4.35%. The volume of Ethereum traded in the twenty-four hours to time of writing was $44.19B or 28.42% of the total volume of all cryptocurrencies. It has traded in a range of $1,079.1873 to $1,437.4194 in the past 7 days.

At its current price, Ethereum is still down 22.75% from its all-time high of $1,437.42 set on Tuesday, January 19, 2021.

Elsewhere in cryptocurrency trading

Bitcoin was last at $30,194.0 on the Investing.com Index, down 15.36% on the day.

Tether was trading at $0.9997 on the Investing.com Index, a loss of 0.14%.

Bitcoin's market cap was last at $567.30B or 64.79% of the total cryptocurrency market cap, while Tether's market cap totaled $24.81B or 2.83% of the total cryptocurrency market value.

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