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Ethereum Collapses 85% – The Bears Take Command Investing.com





Ethereum collapses by 85% – The bears take command

Investing.com – traded $ 469.22 on the Investing.com Index on Saturday at 6:44 AM (04:44 AM GMT), down 85.44%. This corresponds to the largest daily percentage loss in its history to date.

The recent downward momentum pushed Ethereum’s market cap to $ 383.54B or 18.31% of the total market cap of all cryptocurrencies. At its peak, Ethereum’s market capitalization was $ 479.29 billion.

In the last 24 hours of trading, Ethereum was quoted in a range between $ 469.22 on the lower side and $ 3,287.68 on the upper side.

In the past seven days, Ethereum’s value has only stagnated by 0.63%. The average trading volume of Ethereum in the last 24 hours of trading was $ 20.54B million or 18.60% of the total volume of all cryptocurrencies. In the past 7 trading days, the digital currency oscillated in a range of $ 469.2212 on the downside and $ 3,334.2239 on the upside.

From the current price, Ethereum is 89.25% away from the record high, which was marked on May 12 at $ 4,366.10.

What about other cryptocurrencies

was last at $ 48,673.0 on the Investing.com Index, up 3.30% on the day.

Cardano was down 0.46% on the Investing.com Index to $ 2.484181.




Bitcoin’s market capitalization was last at $ 915.45B or 43.69% of the market capitalization of all cryptocurrencies, while Cardano’s market capitalization was last at $ 80.06B or 3.82% of the total market capitalization.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.
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