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Ethereum Falls 11% In Bearish Trade

Published 08/28/2019, 02:19 PM
Updated 08/28/2019, 02:20 PM
© Reuters.  Ethereum Falls 11% In Bearish Trade
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Investing.com - Ethereum was trading at $168.00 by 14:19 (18:19 GMT) on the Investing.com Index on Wednesday, down 11.17% on the day. It was the largest one-day percentage loss since July 16.

The move downwards pushed Ethereum's market cap down to $19.18B, or 7.22% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $168.00 to $187.13 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 3.55%. The volume of Ethereum traded in the twenty-four hours to time of writing was $5.68B or 11.97% of the total volume of all cryptocurrencies. It has traded in a range of $167.9968 to $195.3221 in the past 7 days.

At its current price, Ethereum is still down 88.20% from its all-time high of $1,423.20 set on January 13, 2018.

Elsewhere in cryptocurrency trading

Bitcoin was last at $9,704.1 on the Investing.com Index, down 4.97% on the day.

XRP was trading at $0.24824 on the Investing.com Index, a loss of 8.68%.

Bitcoin's market cap was last at $181.24B or 68.26% of the total cryptocurrency market cap, while XRP's market cap totaled $11.16B or 4.20% of the total cryptocurrency market value.

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