Ethereum Falls 10% In Bearish Trade
Ethereum was trading at $1,241.14 by 18:40 (23:40 GMT) on the Investing.com Index on Wednesday, down 10.08% on the day. It was the largest one-day percentage loss since January 21.
The move downwards pushed Ethereum's market cap down to $142.47B, or 15.88% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $159.04B.
Ethereum had traded in a range of $1,210.40 to $1,372.31 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 6.23%. The volume of Ethereum traded in the twenty-four hours to time of writing was $39.06B or 28.83% of the total volume of all cryptocurrencies. It has traded in a range of $1,045.0182 to $1,474.6772 in the past 7 days.
At its current price, Ethereum is still down 15.84% from its all-time high of $1,474.68 set on January 25.
Elsewhere in cryptocurrency trading
Bitcoin was last at $30,352.6 on the Investing.com Index, down 7.57% on the day.
Tether was trading at $1.0017 on the Investing.com Index, a gain of 0.06%.
Bitcoin's market cap was last at $565.56B or 63.03% of the total cryptocurrency market cap, while Tether's market cap totaled $25.24B or 2.81% of the total cryptocurrency market value.
Reference by: investing.com
Jan 28, 2020