Ethereum experienced a significant price rally on Tuesday, trading at $2,716.14 by 15:44 (19:44 GMT) on the Investing.com Index, marking a 10.35% increase for the day. This surge represents Ethereum’s largest single-day gain since May 8.
The price movement pushed Ethereum’s market capitalization to $325.78 billion, now comprising 17.10% of the total cryptocurrency market cap. At its peak, Ethereum’s market cap reached $569.58 billion. In the past 24 hours, Ethereum traded within a range of $2,418.44 to $2,716.20.
Over the last week, Ethereum has experienced a remarkable 50.78% increase in value. The total trading volume in the 24 hours leading up to the report was $27.93 billion, accounting for 11.73% of the total cryptocurrency volume. Over the past seven days, Ethereum’s price fluctuated between $1,788.76 and $2,716.20.
Despite its recent gains, Ethereum remains 44.16% below its all-time high of $4,864.06, which was set on November 10, 2021.
Other Cryptocurrency Movements
Bitcoin was trading at $104,849.4 on the Investing.com Index, up 2.95% for the day, with its market cap reaching $2.08 trillion, or 109.27% of the total crypto market.
XRP also saw a notable increase, rising 3.02% to trade at $2.6028, with a market capitalization of $151.86 billion, representing 7.97% of the overall cryptocurrency market value.
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