Ethereum, the second-largest cryptocurrency by market cap, has recently experienced a notable price plunge of nearly 7.8% within a span of 24 hours, triggering concerns among investors amidst the broader turbulence in the Ethereum market. This sudden downturn in Ethereum’s price has prompted a closer examination of the underlying factors contributing to this decline.
Bitcoin (BTC) $ 93,089.00
Ethereum (ETH) $ 3,332.62
Tether (USDT) $ 0.998492
Dogecoin (DOGE) $ 0.315260
USDC (USDC) $ 0.999194
Cardano (ADA) $ 0.889698
TRON (TRX) $ 0.249566
Chainlink (LINK) $ 22.79
Stellar (XLM) $ 0.356329
Hedera (HBAR) $ 0.271819
Bitcoin Cash (BCH) $ 446.46
LEO Token (LEO) $ 9.34
Litecoin (LTC) $ 102.89
Cronos (CRO) $ 0.155881
Ethereum Classic (ETC) $ 26.50
VeChain (VET) $ 0.046218
Monero (XMR) $ 190.95
Dai (DAI) $ 0.998184
Algorand (ALGO) $ 0.360134
OKB (OKB) $ 45.33
Cosmos Hub (ATOM) $ 6.61
Stacks (STX) $ 1.63
Theta Network (THETA) $ 2.27
Gate (GT) $ 13.26
Maker (MKR) $ 1,543.08
KuCoin (KCS) $ 11.28
Tezos (XTZ) $ 1.30
EOS (EOS) $ 0.803006
IOTA (IOTA) $ 0.305779
NEO (NEO) $ 14.27
Zcash (ZEC) $ 62.69
Polygon (MATIC) $ 0.479648
Synthetix Network (SNX) $ 2.01
Tether Gold (XAUT) $ 2,617.66
TrueUSD (TUSD) $ 0.996994
Dash (DASH) $ 37.14
Holo (HOT) $ 0.002403
Zilliqa (ZIL) $ 0.021459
Enjin Coin (ENJ) $ 0.223567
0x Protocol (ZRX) $ 0.460421
Qtum (QTUM) $ 3.15
Basic Attention (BAT) $ 0.222646
Siacoin (SC) $ 0.005747
Ravencoin (RVN) $ 0.021281
Bitcoin Gold (BTG) $ 17.05
Decred (DCR) $ 16.43
NEM (XEM) $ 0.025873
DigiByte (DGB) $ 0.012084
Ontology (ONT) $ 0.231403
ICON (ICX) $ 0.176844
Nano (XNO) $ 1.37
Status (SNT) $ 0.043227
Waves (WAVES) $ 1.62
Hive (HIVE) $ 0.348448
Huobi (HT) $ 1.01
Lisk (LSK) $ 0.930404
Numeraire (NMR) $ 15.34
Steem (STEEM) $ 0.240575
Pax Dollar (USDP) $ 0.997994
BUSD (BUSD) $ 0.998493
OMG Network (OMG) $ 0.338484
Ren (REN) $ 0.029191
Bitcoin Diamond (BCD) $ 0.065395
Bytom (BTM) $ 0.004030
