Ethereum Falls 10.70% In Rout

Cryptocurrencies are seen on a website that tracks the value of initial coin offerings (ICO) in this illustration photo taken September 5, 2017. REUTERS/Thomas White/Illustration – Ethereum was trading at $531.45 by 08:35 (08:35 GMT) on the Index on Wednesday, down 10.70% on the day. It was the largest one-day percentage loss since September 5.

The move downwards pushed Ethereum’s market cap down to $61.37B, or 31.49% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $135.58B.

Ethereum had traded in a range of $531.45 to $556.38 in the previous twenty-four hours.

Over the past seven days, Ethereum has seen a drop in value, as it lost 8.89%. The volume of Ethereum traded in the twenty-four hours to time of writing was $16.81B or 14.37% of the total volume of all cryptocurrencies. It has traded in a range of $531.4466 to $622.0967 in the past 7 days.

At its current price, Ethereum is still down 62.66% from its all-time high of $1,423.20 set on January 13, 2018.

Elsewhere in cryptocurrency trading

Bitcoin was last at $17,676.0 on the Index, down 8.37% on the day.

XRP was trading at $0.50603 on the Index, a loss of 19.30%.

Bitcoin’s market cap was last at $334.13B or 171.45% of the total cryptocurrency market cap, while XRP’s market cap totaled $23.49B or 12.05% of the total cryptocurrency market value.