Ethereum has tumbled more than 10% since trading began on Friday, entering the $1,387 range down more than 71% from its all-time high in November 2021.

As the second-largest crypto by market cap behind Bitcoin, Ethereum, which boasts a market cap of $168 billion, has a robust ecosystem led by its enigmatic founder Vitalik Buterin who continues to build and deploy smart contracts and blockchain infrastructure to power everything from NFTs, to cloud computing credits to zero-knowledge rollups.

Ethereum is by no means isolated from the market downturn effecting the price Bitcoin, which slid in the last 24H -10% to $19,900.

On Thursday, the total value of all digital currencies fell below $1 trillion.

Silvergate reaps havoc on global crypto market cap

As of March 10, the total market value of all cryptocurrencies stood at $940.7 billion, a far cry from the $3 trillion it stood at in November 2021.

Asid

Go to Source to See Full Article
Author: Dorian Batycka

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details