Ethereum Plummets 10.43% in Market Route

Ethereum was trading at $291.72 as of 13:06 GMT on Monday, reflecting a decline of 10.43% for the day. This marks the largest single-day percentage drop since June 22.

As a result of this downward trend, Ethereum’s market capitalization decreased to $30.10 billion, constituting 14.42% of the total cryptocurrency market cap. At its peak, Ethereum’s market cap had reached $135.58 billion.

In the previous 24 hours, Ethereum fluctuated between $291.62 and $321.22. Over the last week, the cryptocurrency has experienced a significant loss, dropping 26.91% in value. The trading volume of Ethereum in the past 24 hours was approximately $1.81 billion, accounting for 14.97% of the total volume across all cryptocurrencies, with a range of $291.62 to $410.57.

Currently, Ethereum remains down 79.50% from its all-time high of $1,423.20, achieved on January 13.

### Other Cryptocurrency Updates

In the wider cryptocurrency market, another notable currency was last priced at $6,253.30, down 1.02% for the day. Additionally, another cryptocurrency was trading at $0.29000, experiencing a loss of 3.47%.

Bitcoin’s market capitalization stood at approximately $108.75 billion, which represents 52.09% of the total cryptocurrency market cap, while Ripple’s market cap was around $11.56 billion, making up 5.54% of the overall market value.