Ethereum Falls 10.33% In Bearish Trade

Investing.com – was trading at $1,254.98 by 16:57 (11:27 GMT) on the Investing.com Index on Wednesday, down 10.33% on the day. It was the largest one-day percentage loss since Monday, January 11, 2021.

The move downwards pushed Ethereum’s market cap down to $144.00B, or 14.77% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $159.04B.

Ethereum had traded in a range of $1,253.18 to $1,406.56 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a rise in value, as it gained 15.93%. The volume of Ethereum traded in the twenty-four hours to time of writing was $46.05B or 32.15% of the total volume of all cryptocurrencies. It has traded in a range of $1,079.1873 to $1,437.4194 in the past 7 days.

At its current price, Ethereum is still down 12.69% from its all-time high of $1,437.42 set on Tuesday, January 19, 2021.

Elsewhere in cryptocurrency trading

, was last at $34,215.4 on the Investing.com Index, down 8.43% on the day.

Tether was trading at $0.9981 on the Investing.com Index, a loss of 0.38%.

Bitcoin’s market cap was last at $635.11B or 65.16% of the total cryptocurrency market cap, while Tether’s market cap totaled $24.72B or 2.54% of the total cryptocurrency market value.