Ethereum Falls 11% In Bearish Trade

Ethereum Falls 11% In Bearish Trade

Investing.com - Ethereum was trading at $2,981.76 by 08:27 (12:27 GMT) on the Investing.com Index on Monday, down 10.66% on the day. It was the largest one-day percentage loss since September 7.

The move downwards pushed Ethereum's market cap down to $354.83B, or 18.57% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $479.29B.

Our top trading bots

Ethereum had traded in a range of $2,980.49 to $3,344.04 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 6.75%. The volume of Ethereum traded in the twenty-four hours to time of writing was $20.10B or 17.91% of the total volume of all cryptocurrencies. It has traded in a range of $2,980.4941 to $3,672.6824 in the past 7 days.

At its current price, Ethereum is still down 31.71% from its all-time high of $4,366.10 set on May 12.

Elsewhere in cryptocurrency trading

Bitcoin was last at $43,139.4 on the Investing.com Index, down 8.75% on the day.

Tether was trading at $1.0002 on the Investing.com Index, a loss of 0.03%.

Bitcoin's market cap was last at $816.74B or 42.74% of the total cryptocurrency market cap, while Tether's market cap totaled $68.30B or 3.57% of the total cryptocurrency market value.

Read on relating to Investing.com
Blockchain forensics is the trusted informant in crypto crime scene investigation
The seizure by the U.S. Department of Justice of $3.6 billion worth of Bitcoin (BTC) lost during the 2016 hack of Bitfinex’s cryptocurrency exchange has...
Weekly Comic: Enforcement and Regulation Are Catching up with Crypto
By Geoffrey SmithInvesting.com --The arrest of two people in connection with one of the most notorious financial crimes of recent years ought to be a milestone...
FTX exchange breaks $32B valuation despite crypto winter fears
Despite growing fears over a potential cryptocurrency market downturn, major industry firms like FTX keep gaining momentum by securing hundreds of millions...
THE CRYPTOVERSE-Teenage bitcoin throws an interest rate tantrum
By Lisa Pauline Mattackal and Medha Singh(Reuters) - Bitcoin is growing up. The original cryptocurrency turns 13 this year and is showing signs of becoming...
Coinone will stop withdrawals to unverified external wallets
South Korean crypto exchange Coinone has announced it plans to no longer allow withdrawals of tokens to unverified external wallets starting in January.In...
ASIC reveals how it infiltrated crypto ‘pump and dump’ Telegram groups
The Australian Securities and Investments Commission (ASIC) has revealed the details of how it took down crypto “pump and dump” Telegram groups back in...
Hackers can use compromised Google Cloud accounts to install mining software in under 30 seconds: Report
In a report aimed at assessing threats to Cloud users, Google’s Cybersecurity Action Team said that some attackers are exploiting “poorly configured” accounts...
Palau partners with Ripple on climate friendly national digital currency
Ripple, the digital payment network, has partnered with the Republic of Palau to help the Pacific island nation develop its own digital currency.The initial...
US Treasury says it must 'modernize and adapt' to digital currencies
The United States Department of the Treasury has issued a review on sanctions and suggested the government do more to develop its infrastructure and policies...
Coinbase signs new $1.36M contract with US Customs enforcement agency
Leading U.S. cryptocurrency exchange Coinbase has secured a contract to develop tech for the Department of Homeland Security worth as much as $1.36 million.Under...
Survey finds most El Salvador citizens are skeptical of making BTC legal tender
According to a newly released survey, up to three-quarters of Salvadorans are skeptical over President Nayib Bukele’s Bitcoin adoption plans.The survey,...
Crypto-exposed stocks slide as BTC-bolstered treasuries shed value
The fallout from this month’s violent crypto market meltdown appears to have flowed into the stock markets, with publicly listed firms with exposure to...
3 reasons why StormX (STMX) price has rallied 2,800% in 2021
Cashback rewards for purchases have long been a popular tactic used by banks and credit card companies to entice consumers to use their services.Several...
Bison Trails supports Crypto.com’s payments blockchain with key infrastructure
Blockchain infrastructure provider Bison Trails has announced another major industry partnership, this time with Crypto.com, a leading digital currency...
Options traders target $80K by May, Skew suggests just 6% chance they're right
With Coinbase’s highly anticipated direct listing IPO expected to take place next month, options traders appear to be betting that Bitcoin will once again...