At 18:36 GMT on Friday, Ethereum was trading at $3,151.48, marking a 10.09% decline for the day. This was the most significant drop in the cryptocurrency’s value since November 9, 2022.
The decline also led to a reduction in Ethereum’s market capitalization to $399.60 billion, or 15.99% of the total cryptocurrency market capitalization. Previously, Ethereum’s market capitalization peaked at $569.58 billion.
Over the last 24 hours, Ethereum traded between $3,150.92 and $3,551.22.
In the past 7 days, Ethereum experienced price stagnation with only a 0.16% movement. The trading volume of Ethereum in the last 24 hours prior to this material’s publication was $14.47 billion, representing 16.09% of the total cryptocurrency volume. The price fluctuated between $3,150.9238 and $3,727.8689 over the last 7 days.
Currently, Ethereum has fallen from its peak set at .
Meanwhile, other cryptocurrencies: Bitcoin was last trading at $66,031.7, down 5.10% for the day.
Tether (USDt) was trading at $0.9998, down 0.03%.
Bitcoin’s market capitalization is $1,338.23 billion or 53.53% of the total cryptocurrency market capitalization, while Tether (USDt) market capitalization is $107.24 billion or 4.29% of the total crypto market capitalization.