Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$105,081.00
3.85%$2,405.10
7.42%$2.15
6.33%$639.98
3.26%$143.60
8.13%$0.9999
0.01%$0.272721
2.82%$0.163154
6.91%$2,404.77
7.55%$0.581062
6.35%$104,907.00
3.64%$37.00
4.52%$2,904.65
7.58%$2.79
12.21%$458.00
2.37%$12.95
10.63%$9.14
0.88%$0.245261
6.54%$18.11
9.17%$0.999839
0.00%$2.89
5.65%$47.92
-0.64%$0.00001161
8.62%$84.69
5.96%$0.15158
11.77%$2,406.36
7.48%$1.00
-0.06%$2,576.90
7.54%$307.67
1.24%$1.00
0.02%$3.41
7.18%$4.23
3.76%$105,032.00
3.76%$0.00000991
11.89%$6.78
8.02%$0.531534
5.61%$260.17
12.65%$1.18
0.05%$353.06
15.62%$52.02
-2.91%$1.00
0.00%$4.33
10.36%$0.085977
6.26%$1.056
0.02%$2.14
12.03%$4.91
6.48%$173.86
8.13%$16.42
7.82%$0.754322
11.62%$27.80
2.10%$0.999031
-0.13%$0.608018
3.56%$16.41
2.75%$0.073056
12.79%$4.44
0.09%$9.21
6.42%$0.02139205
10.14%$4.01
7.59%$0.691109
17.71%$0.083256
12.95%$104,901.00
3.82%$3.19
13.88%$0.269546
11.67%$0.180373
4.34%$0.931936
13.25%$0.178027
10.71%$2.25
7.46%$0.305558
11.37%$0.27101
35.44%$1.002
0.42%$4.36
4.19%$1.00
0.02%$2,403.87
7.24%$98.07
7.06%$1.00
0.08%$11.02
2.37%$151.79
8.06%$1.20
7.47%$0.204274
6.78%$0.403777
16.44%$0.01709244
6.33%$1.23
19.56%$2,739.22
7.48%$2,519.35
7.48%$11.13
13.06%$1.66
19.71%$0.000014
13.93%$1.58
13.25%$1.021
9.91%$0.320233
15.98%$1.001
0.06%$0.999294
-0.23%$0.639761
14.36%$0.548696
11.57%$0.058963
5.75%$0.999868
0.02%$2,559.73
6.90%$3.07
0.93%$2,524.09
7.45%$1.11
0.01%$3,383.01
-0.17%$639.61
3.08%$104,929.00
3.99%$0.835392
20.34%$3,360.88
-0.35%$105,887.00
3.35%$0.519885
9.51%$2,534.92
7.80%$0.081948
11.58%$105,006.00
4.02%$0.576996
8.27%$0.417804
14.99%$160.45
8.20%$2.11
6.15%$111.54
0.02%$186.92
8.10%$2.19
8.71%$0.00007268
13.21%$0.829308
7.24%$2,598.04
7.41%$0.669719
11.30%$41.48
8.90%$0.999159
0.08%$0.01014412
0.64%$0.711427
8.04%$0.01304317
17.21%$1.084
-0.49%$0.01390936
10.72%$0.255714
9.90%$0.162282
10.40%$18.78
9.55%$0.0098129
15.06%$0.234203
9.97%$30.67
4.97%$0.997899
0.02%$1.98
6.80%$104,783.00
4.04%$0.0000006
6.38%$3.60
9.63%$0.427149
11.24%$0.533287
7.80%$0.095961
11.89%$104,805.00
3.73%$2.04
11.58%$37.00
4.51%$2,404.59
7.51%$0.491482
11.96%$0.331337
8.81%$2,404.72
7.42%$0.522219
5.65%$105,055.00
3.77%$0.999845
-0.01%$2,563.82
7.55%$2,521.70
7.48%$0.261725
10.22%$0.999443
0.17%$0.617686
9.35%$1.37
9.89%$0.01407516
5.55%$2,405.42
7.48%$0.425795
4.22%$7.84
0.59%$47.51
6.69%$0.061163
0.55%$0.999899
0.01%$2.36
7.57%$0.431857
15.08%$36.99
4.51%$0.999786
0.01%$0.163327
36.13%$0.04256484
18.37%$1.36
16.78%$0.163194
7.03%$1.091
0.04%$0.993137
-0.42%$0.0000004
2.15%$0.00680839
20.93%$1.001
0.04%$5.57
10.41%$0.00426657
25.85%$0.998894
0.14%$0.325079
18.60%$13.57
10.90%$2,408.14
7.68%$0.11367
9.97%$0.520396
9.67%$0.00001873
7.53%$2,555.18
7.39%$2.26
10.12%$0.977661
14.92%$0.488317
11.18%$0.00000091
24.83%$1.14
12.65%$0.00409623
18.00%$0.354908
5.21%$0.068933
8.39%$0.03475566
3.00%$0.164799
-2.35%$0.34267
5.40%$0.00340831
25.01%$0.136426
13.89%$5.21
5.21%$0.03513914
8.66%$1.40
9.76%$1.17
4.91%$2,651.10
7.48%$105,038.00
3.99%$105,110.00
4.16%$19.76
1.77%$0.01669498
3.07%$2,628.88
7.35%$0.999826
-0.01%$0.999481
0.02%$0.999696
-0.06%$156.43
8.26%$2,403.97
7.31%$0.03099218
0.05%$0.00005554
5.65%$1.11
13.54%$0.99993
0.04%$0.708949
5.60%$10.03
3.39%$0.300098
15.54%$0.725994
22.71%$0.444886
7.03%$2,404.81
7.44%$109.25
7.66%$0.00338789
7.25%$0.061067
12.09%$104,774.00
3.66%$0.00000137
4.33%$18.11
9.10%$1.001
0.35%$1.67
-0.98%$0.00518031
15.16%$0.598277
16.44%$0.594618
7.47%$103,161.00
4.17%$1.017
0.11%$2,110.03
3.87%$0.180488
4.39%$6.09
11.13%$102,168.00
3.46%$0.181818
8.43%$0.00363116
15.42%$0.999432
0.01%$14.68
7.91%$0.412972
12.93%Ethereum (ETH) has just collapsed back to $336 after suffering a loss of 8.4% in the last 24 hours. The cryptocurrency has now been on a downtrend for more than a month.
Ethereum started falling mid-yesterday, when it dropped from $366 to $346 over a three hour period and has since fallen even further. Ethereum is now down 3.4% in the last week, 13.3% in the last fortnight, and 29.1% in the last month.
Though the rest of the market is also in the red today, Ethereum is performing worse than most. For comparison, the average cryptocurrency has lost 5.3% in the last 24 hours, while Bitcoin (BTC) is down 3.7%, XRP down 5.2%, and Bitcoin Cash (BCH) is down 7.2%.
Polkadot (DOT), Chainlink (LINK), and Bitcoin SV (BSV) are currently faring even worse than Ethereum, having each lost more than 10% today.
Overall, every non-stablecoin in the top 50 by market capitalization is in the red today, which may be related to news that the largest Bitcoin derivatives exchange is facing potential legal action from the U.S. derivatives regulator the Commodity Futures Trading Commission (CFTC).
With its falling price, Ethereum now has the third-highest average daily volatility out of the top 10 cryptocurrencies by market capitalization, with this figure now reaching 5.4%—close to double that of Bitcoin.
Like most other altcoins, Ethereum has also seen its value eroded against Bitcoin in recent weeks, having lost 1.6% against BTC in the last 7 days and 16.1% against BTC in the last 30 days. Scaling further back, however, we find that Ethereum is still up 29.1% against BTC in the last 90 days and 52.5% in the last year.
But at least Ethereum miners are happy.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.