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Ethereum Falls 10.11% In Selloff

August 08, 2018 07:09:06

© Reuters.

Ethereum was trading at 368.52 by 01:28 (05:28 GMT) on the Index on Wednesday, down 10.11% on the day. It was the largest one-day percentage loss since June 22.

The move downwards pushed Ethereum's market cap down to $37.71B, or 16.30% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $367.99 to $380.15 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 12.05%. The volume of Ethereum traded in the twenty-four hours to time of writing was 1.93B or 12.87% of the total volume of all cryptocurrencies. It has traded in a range of $367.99 to $424.51 in the past 7 days.

At its current price, Ethereum is still down 74.11% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,439.5 on the Index, down 8.13% on the day.

Ripple was trading at $0.34546 on the Index, a loss of 18.43%.

Bitcoin’s market cap was last at $112.06B or 48.45% of the total cryptocurrency market cap, while Ripple’s market cap totaled $13.86B or 5.99% of the total cryptocurrency market value.

Category: News

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