Ethereum Tumbles 20.44% In Selloff

Market Update on Ethereum and Other Cryptocurrencies

As of 21:20 (01:20 GMT) on Tuesday, Ethereum was trading at $265.10, reflecting a decline of 20.44% for the day. This marks Ethereum’s largest single-day percentage drop since March 18.

This downward shift has resulted in Ethereum’s market capitalization falling to $27.28 billion, representing 13.71% of the total cryptocurrency market cap. At its peak, Ethereum’s market cap reached $135.58 billion.

In the past 24 hours, Ethereum priced between $264.35 and $284.00. Over the last week, its value has diminished by 33.73%, with a trading volume of $1.79 billion during the most recent 24-hour period—accounting for 14.19% of the total volume across all cryptocurrencies. The cryptocurrency has fluctuated within a range of $264.35 to $380.15 over the past week.

Currently, Ethereum’s price is down 81.37% from its all-time high of $1,423.20, achieved on January 13.

Other Cryptocurrency Performance

In other cryptocurrency news, another notable cryptocurrency was last reported at $6,196.00, showing a decrease of 2.12% on the day. Additionally, another cryptocurrency was trading at $0.26139, reflecting a loss of 14.1%.

Bitcoin’s market cap is approximately $107.86 billion, constituting 54.23% of the total cryptocurrency market capitalization, while Ripple’s market cap stands at $10.46 billion, representing 5.26% of the total cryptocurrency market value.