Ethereum surged sharply on Tuesday, climbing 10.10% to $2,771.67 by 09:04 ET (13:04 GMT) on the Investing.com Index—the largest single-day percentage gain since May 10. This robust rally lifted Ethereum’s market capitalization to $334.05 billion, representing 9.69% of the total cryptocurrency market cap.
Over the previous 24 hours, Ethereum’s price fluctuated between $2,657.28 and $2,794.06, continuing a broader upward trend that has pushed its value up 5.96% over the past week. During this period, trading volume reached $30.10 billion, accounting for nearly 22% of the total cryptocurrency market volume.
Despite this surge, Ethereum remains significantly below its all-time peak of $4,864.06, recorded on November 10, 2021, currently sitting 43.02% beneath that milestone.
Bitcoin and Tether Market Update
Bitcoin also advanced, trading at $109,645.00 on the Investing.com Index, up 2.41% for the day. Its market cap stood at $2.18 trillion, constituting 63.21% of the total crypto market value.
Stablecoin Tether (USDt) remained steady at $1.0001, with a slight daily dip of 0.04%. Tether’s market capitalization was $155.20 billion, equivalent to 4.50% of the overall cryptocurrency market cap.
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