<span style="font-weight: 400">Most of the cryptocurrencies have seen a decline recently including the two largest cryptocurrencies, Bitcoin and Ethereum. Ethereum <a href="https://m.investing.com/news/cryptocurrency-news/ethereum-tumbles-21-in-bearish-trade-2356517" target="_blank" rel="nofollow noopener">plunges</a> by 21% as it is currently trading at $493.51. According to the records, this is the largest one-day percentage loss that Ethereum has faced since March 12, 2020.</span>

<span style="font-weight: 400">As Ethereum plunges by 21%, there has been a huge downward push in its market cap as well. Ethereum's market cap has now reached $58.17 billion, which is 11.31% of the total crypto market cap. </span>
<h2><b>Ethereum Plunges by 21% and 65.32% Down From All-Time High</b></h2>
<span style="font-weight: 400">In the past twenty-four hours, Ethereum has traded in a range of $490.66 to $577.08, and between $471.0629 to $621.7030 in the past seven days. There have been several ups and downs in Ethereum price in the past seven days. Even though Ethereum plunges by 21%, it has gained 8.1% in the past seven days. </span>

<span style="font-weight: 400">The total volume of Ethereum traded in the past twenty-four hours was at $22.18 billion which is 8.62% of the total crypto volume. According to the previous records, Ethereum's price is down by 65.32% from its all-time high of January 2018. During that time, Ethereum was trading at $1,423.20 which was its all-time high to date. </span>
<h2><b>Different Crypto Seen a Downfall</b></h2>
<span style="font-weight: 400">It is not only Ethereum that has seen a downward trend in the past one day, other cryptos are also facing the same trend. Bitcoin was down by 14.78% in the past twenty-four hours as it has now reached a $16,534.2 level. The same is the case with XRP as it has also seen a decline of 37.18% and is currently trading at $0.48328. This kind of major decline is quite surprising as most of the cryptocurrencies out there were performing well. It is yet to be seen whether cryptocurrencies will be able to again come on track or not.</span>

Ethereum Plunges by 21%, Making Largest One-Day Percentage Loss

Ethereum plunges by 21% as it is currently trading at $493.51 which is the largest one-day percentage loss that Ethereum has faced since March 12, 2020.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Ethereum Plunges by 21%, Making Largest One-Day Percentage Loss

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