On Monday at 10:13 GMT, Ethereum was trading at $2,275 on the Index, down 10.26% on the day. It was the most significant percentage drop in a single day since January 24.
Ethereum’s market cap fell to $277.14 billion, or 17.80 percent of the overall cryptocurrency market cap, as a result of the decline. Ethereum’s market capitalization peaked at $569.58 billion.
In the last 24 hours, Ethereum has traded in a range of $2,274.65 to $2,540.81. However, Ethereum’s current price is still 53.24 percent behind its all-time high.
Bitcoin was trading at $33,878.9 at the time of writing, down 5.56 percent on the day. On the Index, Tether was trading at $1.0006, down 0.03 percent.
Bitcoin’s market size was last at $651.00 billion, or 41.79 percent of the overall cryptocurrency market cap, while Tether’s market cap was $78.34 billion or 5.03 percent.
Huobi Global, one of the world’s most popular digital asset exchanges, has officially launched its Lunar New Year marketing. Huobi has been investing in and listing tokens for GameFi and other metaverse companies.
Huobi’s DIDs are intended to serve as users’ portals into the metaverse, creating a link between Web2 and Web3. As a result, DIDs are commonly seen as a must for anyone wishing to enter the metaverse. They allow users to access the metaverse while documenting and confirming all information and activity on blockchains.
Meta has set out to break into the $40 billion NFT market. The tech behemoth intends to assist users in creating and selling digital treasures, as well as allowing NFTs to be shown on Facebook (FB) and Instagram accounts.
Robinhood (HOOD) said on Thursday that it had begun beta testing its bitcoin wallet after months of preparation. The crypto wallets are being rolled out to the first 1,000 people on the waitlist.
According to the release, the famous stock and cryptocurrency trading app plans to expand the programme to 10,000 subscribers in March.