11 октября 2018, 20:06

Ethereum Falls 11% In Bearish Trade

© Reuters.

Ethereum was trading at $208.05 by 21:10 (01:10 GMT) on the Index on Thursday, down 11% on the day. It was the largest one-day percentage loss since September 17.

The move downwards pushed Ethereum's market cap down to $22.68B, or 10.54% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $135.58B.

Ethereum had traded in a range of $207.82 to $226.36 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a stagnation in value, as it only moved 0.42%. The volume of Ethereum traded in the twenty-four hours to time of writing was $1.43B or 11.66% of the total volume of all cryptocurrencies. It has traded in a range of $207.82 to $232.66 in the past 7 days.

At its current price, Ethereum is still down 85.38% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

Bitcoin was last at $6,463.3 on the Index, down 2.65% on the day.

XRP was trading at $0.44489 on the Index, a loss of 7.43%.

Bitcoin's market cap was last at $113.49B or 52.74% of the total cryptocurrency market cap, while XRP's market cap totaled $18.07B or 8.40% of the total cryptocurrency market value.