Drop in the price of ether

Ethereum was selling at $3,428.21 this morning, dropping 10.16 percent on the day. It was the biggest percentage decrease in a single day since November 26, 2021.

Ethereum’s market valuation fell to $ 415.74 billion, or 20.01 percent of the overall virtual currency market valuation, as a result of the downward trend. Ethereum had a market capitalization of $569.58 billion at its peak.

Ethereum has lost 6.53 percent in price over the last seven days, and the trading volume for the day before writing was $ 15.83 billion, or 15.65% of the total volume of all cryptocurrencies. It has moved in a range of $ 3,428.2070 to $ 3,889.0718 over the last seven days.

Ethereum remains dropped 29.52 percent from its all-time high of $ 4,864.06 reached on November 10, 2021, at its market valuation.

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