Ethereum drops 11% to $2,396.95, biggest loss since November 2022

From Investing.com

August 27, 2024 6:16:57 pm:

Ethereum experienced a sharp decline, dropping 10.75% to $2,396.95, the largest one-day loss since November 2022. Market cap fell to $299.58B, 14.18% of total crypto market cap from a peak of $569.58B. Trading range was $2,396.02 to $2,699.73 in the past 24 hours.

In the last week, Ethereum lost 3.68% in value and traded $14.89B worth, 21.02% of total crypto volume. It fluctuated between $2,396.0151 to $2,818.0505. Currently, Ethereum sits at 50.72% below its all-time peak of $4.864.06 on November 10, 2021.

Bitcoin dropped 7.66% to $58,331.7, while Tether USDt remained stable at $1.0002. Bitcoin’s market cap is at $1,191.54B, representing 56.41% of total crypto market cap. Tether USDt’s market cap stands at $118.08B or 5.59% of total cryptocurrency market value.

Read more at Investing.com: Ethereum Falls 11% In Bearish Trade By Investing.com