Ethereum Tumbles 20% In Bearish Trade

Investing.com – was trading at $1,480.81 by 03:56 (08:56 GMT) on the Investing.com Index on Tuesday, down 20.21% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Ethereum’s market cap down to $173.00B, or 12.07% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $225.07B.

Ethereum had traded in a range of $1,480.32 to $1,781.44 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 16%. The volume of Ethereum traded in the twenty-four hours to time of writing was $46.73B or 18.96% of the total volume of all cryptocurrencies. It has traded in a range of $1,480.3159 to $2,040.7922 in the past 7 days.

At its current price, Ethereum is still down 27.44% from its all-time high of $2,040.79 set on February 20.

Elsewhere in cryptocurrency trading

was last at $47,569.9 on the Investing.com Index, down 14.24% on the day.

Tether was trading at $0.9990 on the Investing.com Index, a loss of 0.08%.

Bitcoin’s market cap was last at $897.86B or 62.64% of the total cryptocurrency market cap, while Tether’s market cap totaled $34.72B or 2.42% of the total cryptocurrency market value.

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