Ethereum Falls 15% In Selloff
Ethereum was trading at $1,051.74 by 20:52 (01:52 GMT) on the Investing.com Index on Tuesday, down 15.04% 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 $120.51B, or 12.85% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $147.00B.
Ethereum had traded in a range of $1,042.16 to $1,090.46 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 5.83%. The volume of Ethereum traded in the twenty-four hours to time of writing was $59.95B or 24.74% of the total volume of all cryptocurrencies. It has traded in a range of $917.9643 to $1,347.9818 in the past 7 days.
At its current price, Ethereum is still down 26.10% from its all-time high of $1,423.20 set on January 13, 2018.
Elsewhere in cryptocurrency trading
Bitcoin was last at $34,163.8 on the Investing.com Index, down 9.10% on the day.
Tether was trading at $1.0013 on the Investing.com Index, a gain of 0.14%.
Bitcoin's market cap was last at $638.09B or 68.05% of the total cryptocurrency market cap, while Tether's market cap totaled $24.25B or 2.59% of the total cryptocurrency market value.
Reference by: investing.com
Jan 12, 2020
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