#ethereum was trading at $3,151.48 on Friday at 15:36 (18:36 GMT), marking a decline of 10.09% in the last 24 hours. This is the largest daily drop since November 9, 2022.

-Investor pessimism has cut the total market capitalization of Ethereum to $399.60 billion, representing 15.99% of the total cryptocurrency market capitalization. At its all-time high, Ethereum's market capitalization reached $569.58 billion.

In the last 24 hours, Ethereum traded between $3,150.92 and $3,551.22. The traded volume of the digital currency during this period was $14.47 billion, or 16.09% of the total volume of all cryptocurrencies, as of the last update of this article.

Over the past seven days, Ethereum has shown stagnation in its value, fluctuating only 0.16%. The digital currency was traded between $3,150.9238 and $3,727.8689 during this period.

At its current price, Ethereum is still 35.21% below its all-time high of $4,864.06 reached on November 10, 2021.

The decline in Ethereum's value also dragged down other cryptocurrencies.

#bitcoin was trading at $66,097.8, down 5.10% for the day.

Bitcoin's market capitalization totaled $1,338.23 billion, representing 53.53% of the total cryptocurrency market, while Tether USDt had a market capitalization of $107.24 billion, or 4.29% of the total invested in digital currencies.