Ethereum price falls to £1,380 today

Ethereum's price continues to decline as market volatility persists.

Ethereum price falls again to £1,380

As of 8:11 am, Ethereum's price is £1,380, marking a drop of 0.36% from £1,385 yesterday. In the past week, it has decreased by 7.11% and is down 4.84% compared to a month ago. Trading volume over the last 24 hours reached approximately £4.4 billion, while its market cap stands at £165.9 billion. The cryptocurrency has a 52-week high of £1,722 and a low of £733. If an investor bought ETH at its 52-week low, they would see a profit of 88.24%. However, those who bought at the high would face a loss of nearly 20%. Currently, there are around 120,224,091 ETH in circulation, and unlike Bitcoin, it does not have a capped supply. Founded in 2015 by Vitalik Buterin and Gavin Wood, Ethereum remains the second most popular cryptocurrency, representing over 17% of the global crypto market.

The ongoing decline in Ethereum’s price highlights the volatility inherent to cryptocurrencies. While past performance shows substantial returns for some investors, the current downward trend may deter new participants. Such fluctuations can complicate investment decisions for both novice and experienced traders. Market conditions, regulatory concerns, and overall economic factors contribute to this uncertain landscape. Investors must stay informed and aware of the risks involved in trading crypto assets.

Highlights

The future of Ethereum remains uncertain amidst market changes.