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Ethereum Dips Below 293.84 Level, Down 13.57%

Published 12/31/2000, 07:00 PM
Updated 08/15/2018, 11:52 AM
© Reuters.
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Investing.com - Ethereum fell bellow the $293.84 level on Wednesday. Ethereum was trading at 293.84 by 11:52 (15:52 GMT) on the Investing.com Index, down 13.57% on the day. It was the largest one-day percentage loss since April 12.

The move downwards pushed Ethereum's market cap down to $29.95B, or 14.31% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $277.91 to $295.58 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 18.9%. The volume of Ethereum traded in the twenty-four hours to time of writing was $1.87B or 13.94% of the total volume of all cryptocurrencies. It has traded in a range of $250.84 to $369.74 in the past 7 days.

At its current price, Ethereum is still down 79.35% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,454.4 on the Investing.com Index, up 6.59% on the day.

Ripple was trading at $0.29375 on the Investing.com Index, a gain of 12.09%.

Bitcoin's market cap was last at $111.55B or 53.29% of the total cryptocurrency market cap, while Ripple's market cap totaled $11.64B or 5.56% of the total cryptocurrency market value.

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