Ethereum Falls 10% In Rout

Ethereum was trading at $2,614.33 by 20:39 (00:39 GMT) on the Investing.com Index on Monday, down 10.30% on the day. It was the largest one-day percentage loss since November 9, 2022.

The move downwards pushed Ethereum's market cap down to $323.47B, or 15.79% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.

Ethereum had traded in a range of $2,614.33 to $2,696.91 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 18.31%. The volume of Ethereum traded in the twenty-four hours to time of writing was $21.34B or 27.14% of the total volume of all cryptocurrencies. It has traded in a range of $2,614.3257 to $3,366.0195 in the past 7 days.

At its current price, Ethereum is still down 46.25% from its all-time high of $4,864.06 set on November 10, 2021. Elsewhere in cryptocurrency trading

Bitcoin was last at $56,785.1 on the Investing.com Index, down 6.51% on the day.

Tether USDt was trading at $0.9995 on the Investing.com Index, a gain of 0.00%.

Bitcoin's market cap was last at $1,140.86B or 55.69% of the total cryptocurrency market cap, while Tether USDt's market cap totaled $114.48B or 5.59% of the total cryptocurrency market value.

Source: Investing.com