Ethereum falls 11% in bearish trade

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Investing.com – Ethereum was trading at $2,396.95 at 18:16 (22:16 GMT) on the Investing.com index on Tuesday, down 10.75% on the day. It was its biggest one-day percentage loss since November 9, 2022.

The downward move saw Ethereum’s market cap fall to $299.58 billion, or 14.18% of the total cryptocurrency market cap. At its highest point, Ethereum’s market cap was $569.58 billion.

Over the last twenty-four hours, the Ethereum price has fluctuated between $2,396.02 and $2,699.73.

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Ethereum has fallen by 3.68% over the past seven days. Ethereum’s trading volume in the twenty-four hours to the time of writing was $14.89 billion or 21.02% of the total volume of all cryptocurrencies. Over the past seven days, trading has ranged from $2396.0151 to $2818.0505.

The current Ethereum price is still 50.72% lower than its all-time high of $4,864.06 reached on November 10, 2021.

Elsewhere in crypto trading

The last bitcoin price according to the Investing.com index was $58,331.7, down 7.66% on the day.

Tether USDt was trading at $1.0002 on the Investing.com index, up 0.00%.

Bitcoin’s market capitalization was recently $1191.54 billion or 56.41% of the total cryptocurrency market capitalization, while Tether’s USDt market capitalization was $118.08 billion or 5.59% of the total cryptocurrency market value.

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