Ethereum was trading at $3,445.00 as of 08:55 (11:55 GMT) on Saturday, according to data from Investing.com Index. That represents a 10.42% jump in the past 24 hours, marking the biggest daily gain since Nov. 6.
Market Capitalization
This upward movement raised Ethereum's market capitalization to $415.37 billion, which corresponds to 12.20% of the total crypto market capitalization. However, it is still far from its all-time high, when it reached $569.58 billion.
Price Range and Traded Volume
Over the past 24 hours, Ethereum has been trading in a range between $3,427.85 and $3,555.05. The trading volume over the same period was approximately $46.70 billion, representing 19.37% of the total volume of all cryptocurrencies at the time of writing.
Weekly Performance
Despite the gains, Ethereum has seen a drop of 11.63% over the past seven days. During this period, the coin traded between $3,103.7180 and $4,102.8984. Currently, the price of the digital currency is 29.17% below its all-time high of $4,864.06, reached on November 10, 2021.
Other Cryptocurrencies
Bitcoin
Bitcoin was trading at $98,268.20, up 5.84% over the past 24 hours, according to the Investing.com Index. Bitcoin’s market cap reached $1,943.92 billion, accounting for 57.10% of the total cryptocurrency market cap.
Tether USDt
Tether USDt was trading at $0.9996, up 0.10% on the day. Its market cap totaled $139.84 billion, equivalent to 4.11% of the digital currency market.
This data shows a significant recovery for some of the major cryptocurrencies, although Ethereum still has a way to go to reclaim its all-time highs. Stay tuned for market updates.
