Ethereum was trading at $2,838.02 by 06:34 (11:34 GMT) on the Index on Friday, down 10.02% on the day. It was the largest one-day percentage loss since November 26, 2021.
The move downwards pushed Ethereum's market cap down to $340.50B, or 18.63% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B.
Ethereum had traded in a range of $2,812.19 to $3,032.69 in the previous twenty-four hours.
Over the past seven days, Ethereum has seen a drop in value, as it lost 11.17%. The volume of Ethereum traded in the twenty-four hours to time of writing was $19.90B or 18.90% of the total volume of all cryptocurrencies. It has traded in a range of $2,812.1914 to $3,388.2209 in the past 7 days.
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Elsewhere in cryptocurrency trading
Bitcoin was last at $38,698.3 on the Investing.com Index, down 8.20% on the day.
Tether was trading at $1.0003 on the Investing.com Index, a gain of 0.00%.
Bitcoin's market cap was last at $735.81B or 40.26% of the total cryptocurrency market cap, while Tether's market cap totaled $78.29B or 4.28% of the total cryptocurrency market value.
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