Ethereum Plunges 10.9% in Largest One-Day Drop Since February

Ethereum saw a sharp decline on Monday, dropping 10.9% to $2,512.20 by 18:00 (23:00 GMT) on the Investing.com Index. This marked its biggest single-day loss since February 24, pushing its market cap down to $311.85 billion, accounting for 10.25% of the total crypto market. At its peak, Ethereum’s market cap stood at $569.58 billion.

In the past 24 hours, Ethereum traded between $2,502.97 and $2,838.22, with a total trading volume of $28.88 billion, representing 23.51% of all cryptocurrency transactions. Over the past week, Ethereum has lost 6% in value, fluctuating between $2,502.97 and $2,841.56. Despite recent volatility, ETH remains down 48.35% from its all-time high of $4,864.06, recorded on November 10, 2021.

Bitcoin also saw losses, falling 3.97% to $92,440.10. It currently holds a dominant 60.82% share of the crypto market, with a capitalization of $1.85 trillion. Meanwhile, stablecoin Tether (USDT) was trading at $1.0003, up 0.03%, with a market cap of $142.40 billion, representing 4.68% of the total market.

The latest price action underscores ongoing market uncertainty, with Ethereum struggling to regain momentum amid broader crypto fluctuations. Investors remain cautious as volatility continues to shape market sentiment.