2 months ago
Cryptocurrency News

Ethereum Tumbles 21% In Selloff

Investing.com - Ethereum was trading at $123.45 by 11:12 (16:12 GMT) on the Investing.com Index on Thursday, down 20.72% on

Investing.com - Ethereum was trading at $123.45 by 11:12 (16:12 GMT) on the Investing.com Index on Thursday, down 20.72% on the day. It was the largest one-day percentage loss since March 18, 2017.

The move downwards pushed Ethereum's market cap down to $13.82B, or 10.88% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $123.36 to $150.09 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 11.37%. The volume of Ethereum traded in the twenty-four hours to time of writing was $3.05B or 14.50% of the total volume of all cryptocurrencies. It has traded in a range of $123.3632 to $159.7814 in the past 7 days.

At its current price, Ethereum is still down 91.33% from its all-time high of $1,423.20 set on January 13, 2018.

Elsewhere in cryptocurrency trading

Bitcoin was last at $3,589.7 on the Investing.com Index, down 10.54% on the day.

XRP was trading at $0.32029 on the Investing.com Index, a loss of 12.98%.

Bitcoin's market cap was last at $66.71B or 52.52% of the total cryptocurrency market cap, while XRP's market cap totaled $14.04B or 11.05% of the total cryptocurrency market value.