Investing.com Reports a 10.07% Decline in Ethereum Amid Downward Market Trends

In the latest market update from Investing.com, Ethereum’s value saw a substantial uptick, reaching $2,882.29 as of 16:24 (20:24 GMT) on Saturday. This impressive 10.07% increase marks the most significant single-day surge since April 13, 2024.

This bullish activity propelled the market capitalization of Ethereum to $352.78 billion, accounting for 15.85% of the entire market capitalization of cryptocurrencies. Ethereum’s highest market cap recorded was $569.58 billion.

Within the last 24 hours, Ethereum’s trading range was between $2,864.43 to $3,296.69.

In the last week, however, the value of Ethereum has experienced a decline, falling by 12.25%. Its trading volume over the last day amounted to $21.72 billion, which is 18.26% of the total traded volume for all cryptocurrencies. Over the week, Ethereum’s price fluctuated between $2,864.4299 to $3,727.8689.

At the current price level, Ethereum remains 40.74% below its peak price of $4,864.06, reached on Wednesday, November 10, 2021.

Crypto Market Roundup

Bitcoin is currently priced at $61,806.6 according to the Investing.com Index, experiencing a 7.56% reduction for the day.

Tether (USDT), on the other hand, edged up slightly to $1.0017, climbing by 0.15%.

The market capitalization of Bitcoin is standing at $1,229.11 billion, which constitutes 55.22% of the total crypto market capitalization. In comparison, Tether’s (USDT) market capitalization is at $107.63 billion, or 4.84% of the entire market value.