Ethereum Faces Major Setback: 10% Loss Amid Market Downturn 📉
Ethereum has been hit hard in the latest market correction, dropping 10.07% to close at $2,833.47, marking its steepest single-day loss since August 2024. This sharp decline has caused its market capitalization to fall to $354.13 billion, representing just 18.59% of the entire crypto market.
In the last 24 hours, Ethereum’s price ranged from $2,832.96 to $3,163.03, with a 12% drop over the past week. The cryptocurrency saw a surge in trading activity, with $32.48 billion in volume. Meanwhile, other top cryptos like Bitcoin and XRP also faced declines, adding to the overall market turbulence. Currently Xrp is trading 19% lower from the peak
Though Ethereum is currently trading 39.69% lower than its peak of $4,864.06, it remains a significant force in the crypto space, reflecting both the volatility and future potential that comes with it.
My positions for Xrp and Eth have liquidated.What do you think about the current market
