Ethereum Climbs 10% In Rally by Investing

Ethereum Experiences Significant One-Day Gain

Ethereum was valued at $2,588.62 at 14:20 (18:20 GMT) on Thursday, reflecting a notable increase of 10.42% for the day. This marked its largest single-day percentage gain since August 8.

This upward movement elevated Ethereum’s market capitalization to $311.51 billion, accounting for 14.91% of the total cryptocurrency market cap. Previously, Ethereum’s market cap reached a peak of $569.58 billion.

In the last 24 hours, Ethereum traded within a range of $2,322.98 to $2,600.27. However, over the past week, the cryptocurrency has experienced a decline, losing 16.89% of its value. The trading volume for Ethereum stood at $23.17 billion, representing 23.88% of the overall transaction volume across all cryptocurrencies. Throughout the past week, its price fluctuated between $2,166.31 and $3,217.36.

Currently, Ethereum’s price remains 46.78% lower than its all-time high of $4,864.06, which was recorded on November 10, 2021.

Updates on Other Cryptocurrencies

Bitcoin was last quoted at $59,493.30, demonstrating an increase of 8.56% for the day.

Tether USDt traded at $1.0003, with a slight gain of 0.02%.

In terms of market capitalization, Bitcoin is currently valued at $1,173.66 billion, which is 56.18% of the total cryptocurrency market cap. Tether’s market cap stands at $115.07 billion, equating to 5.51% of the total cryptocurrency market value.