Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Ethereum Falls 15% In Rout

Published 01/22/2022, 06:38 AM
Ethereum Falls 15% In Rout

Investing.com - Ethereum was trading at $2,431.45 by 06:37 (11:37 GMT) on the Investing.com Index on Saturday, down 14.62% on the day. It was the largest one-day percentage loss since June 21, 2021.

The move downwards pushed Ethereum's market cap down to $291.21B, or 18.08% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.

Ethereum had traded in a range of $2,311.80 to $2,621.21 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 26.52%. The volume of Ethereum traded in the twenty-four hours to time of writing was $31.08B or 20.66% of the total volume of all cryptocurrencies. It has traded in a range of $2,311.7964 to $3,388.2209 in the past 7 days.

At its current price, Ethereum is still down 50.01% from its all-time high of $4,864.06 set on November 10, 2021.

Elsewhere in cryptocurrency trading

Bitcoin was last at $35,281.8 on the Investing.com Index, down 9.29% on the day.

Tether was trading at $1.0004 on the Investing.com Index, a gain of 0.02%.

Bitcoin's market cap was last at $670.43B or 41.62% of the total cryptocurrency market cap, while Tether's market cap totaled $78.30B or 4.86% of the total cryptocurrency market value.

Latest comments

If you actually look at the Tulip Mania crash of 1630s the correlation is very very eerie. A pandemic leading to a massive bubble in an asset (the bubonic plague one of the main drivers of the Tulip bubble), an asset with largely no real value beyond what the next person is willing to pay for it, trading houses or currency exchanges popping up all over the place, massive growth in value, poor imitations or similar assets popping up...but then the plague ended. People stopped buying and showing up for auctions and within several months the bubble had crashed and prices were down below where they were before the pandemic started as there was so much oversupply of options / no trust left in the market.
With the exception that future decentralized financial systems will be built on cryptocurrencies
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.