Ethereum Falls 11.07% In Rout

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Investing.com – was trading at $196.37 by 16:22 (20:22 GMT) on the Investing.com Index on Saturday, down 11.07% on the day. It was the largest one-day percentage loss since September 5.

The move downwards pushed Ethereum’s market cap down to $20.40B, or 10.53% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $135.58B.

Ethereum had traded in a range of $196.37 to $220.85 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 32.31%. The volume of Ethereum traded in the twenty-four hours to time of writing was $1.36B or 12.69% of the total volume of all cryptocurrencies. It has traded in a range of $196.37 to $299.38 in the past 7 days.

At its current price, Ethereum is still down 86.20% from its all-time high of $1,423.20 set on January 13.

Elsewhere in cryptocurrency trading

was last at $6,166.7 on the Investing.com Index, down 4.57% on the day.

XRP was trading at $0.27329 on the Investing.com Index, a loss of 7.36%.

Bitcoin’s market cap was last at $107.42B or 55.44% of the total cryptocurrency market cap, while XRP’s market cap totaled $11.04B or 5.70% of the total cryptocurrency market value.

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