Daily updates on foreign exchange news

Ethereum Falls 15% In Selloff

Ethereum was trading at $1,051.74 by 20:52 (01:52 GMT) on the 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 Index, down 9.10% on the day.

Tether was trading at $1.0013 on the 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:

Jan 12, 2020