Crypto update: Ethereum drops 3.86% during midday trading
Ethereum's 24-hour trading volume is approximately $31.03 billion, reflecting sustained liquidity across its 9,951 active markets.
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Ethereum's 24-hour trading volume is approximately $31.03 billion, reflecting sustained liquidity across its 9,951 active markets.
Despite the decline, Ethereum remains a dominant force in the blockchain space, with continued interest in decentralized finance (DeFi) and Ethereum Layer-2 solutions.
The downturn reflects broader market trends, as Ethereum has lost approximately 25% of its value over the past month. In the last 24 hours alone, the price dropped by 7.8%, driven by significant outflows from Ethereum exchange-traded funds (ETFs). D
Macro factors, including concerns about U.S. tariffs, economic slowdown, and Federal Reserve policy, are influencing investor sentiment.
Over the past year, Ethereum has traded between $2,122.55 and $4,106.96, reflecting both significant gains and sharp corrections.
Reports suggest increased regulatory scrutiny on Ethereum staking and DeFi protocols, leading to institutional outflows.
Ethereum’s sharp decline is part of a wider crypto market sell-off, with Bitcoin, Solana, XRP, Dogecoin, and Binance Coin (BNB) also trading in negative territory.
Ethereum, the second-largest cryptocurrency by market capitalization, currently holds a market cap of $321.8 billion, with a circulating supply of 120.57 million ETH.
The circulating supply stands at 120.56 million ETH, and the 52-week price range spans from $2,122.55 to $4,106.96.
Ethereum is currently being traded across 9,943 markets, with a 24-hour trading volume of $14.41 billion.
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