Ethereum Falls 12% In Selloff By

- was trading at $1,Formal foreign exchange platforms in 2019402.32 by 13:07 (18:07 GMT) on the Index on Tuesday, down 11.52% on the day. It was the largest one-day percentage loss since August 19.

The move downwards pushed Ethereum's market cap down to $179.41B, or 18.40% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.

Ethereum had traded in a range of $1,402.32 to $1,576.10 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 6.93%. The volume of Ethereum traded in the twenty-four hours to time of writing was $29.07B or 19.15% of the total volume of all cryptocurrencies. It has traded in a range of $1,402.3214 to $1,666.1705 in the past 7 days.

At its current price, Ethereum is still down 71.17% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in cryptocurrency trading

was last at $19,019.7 on the Index, down 8.21% on the day.

was trading at $1.0002 on the Index, a gain of 0.02%.

Bitcoin's market cap was last at $375.19B or 38.49% of the total cryptocurrency market cap, while Tether's market cap totaled $69.53B or 7.13% of the total cryptocurrency market value.

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