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Ethereum price down 1.58 percent

As of 8:11 am today, Ethereum's price is £1,514, down from £1,538 yesterday.

May 31, 2023 at 09:36 AM

Ethereum’s price down 1.58% on yesterday

Ethereum's price today has declined from the previous day's figures.

Ethereum price declines by 1.58 percent today

As of 8:11 am, Ethereum (ETH) is priced at £1,514, down 1.58 percent from yesterday's figure of £1,538. Over the last week, Ethereum has seen a 2.98 percent increase and a 1.30 percent rise since last month. The trading volume for the last 24 hours is approximately £5.0 billion, with a market cap of around £182.0 billion. Ethereum's price recently reached a 52-week high of £1,722 and a low of £733, demonstrating its volatility. Buyers should be mindful of potential taxes on gains and the inherent risks of cryptocurrency investment as Ethereum does not have a maximum supply.

Key Takeaways

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Ethereum price today is £1,514, down 1.58 percent.

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The 52-week high for ETH is £1,722, while the low is £733.

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Investors should consider tax implications when making trades.

"Ethereum’s price today is £1,514, down 1.58 percent from yesterday."

A factual statement that highlights the current price status of Ethereum.

"Investors who bought at the 52-week low are still seeing substantial gains."

This highlights the potential for profit in a volatile market.

Ethereum's recent price drop reflects the ongoing volatility in the cryptocurrency market. Investors who bought at the 52-week low are still seeing substantial gains, but those who bought at the peak face losses. This pattern hints at the risky nature of crypto investments, where the future is uncertain and fluctuations are common. Understanding these trends can help investors make more informed decisions about their portfolios moving forward.