Ethereum Surges 10.2% in Bullish Trading
Ethereum was trading at $285.75 by 22:15 (02:15 GMT) on Wednesday, reflecting a significant increase of 10.2% for the day. This marked the largest one-day percentage gain since May 29.
This upward movement lifted Ethereum’s market capitalization to $28.97 billion, representing 14.25% of the total cryptocurrency market cap. In its peak, Ethereum’s market cap reached as high as $135.58 billion.
In the previous twenty-four hours, Ethereum’s trading range was between $277.91 and $285.97. Over the past week, however, Ethereum has experienced a decline in value, dropping by 24.55%. The trading volume over the last twenty-four hours was $2.03 billion, accounting for 13.74% of the overall cryptocurrency trading volume. During the past seven days, Ethereum’s trading range was between $250.84 and $369.74.
Currently, Ethereum’s price is still down 79.92% from its all-time high of $1,423.20, which was reached on January 13.
In other cryptocurrency trading news, another cryptocurrency was last recorded at $6,243.00, rising by 3.38% for the day. Meanwhile, another asset was trading at $0.29350, marking a gain of 13.79%.
Bitcoin currently holds a market cap of $107.62 billion, which constitutes 52.93% of the total cryptocurrency market. Ripple’s market capitalization stands at $11.58 billion, making up 5.70% of the overall cryptocurrency market value.