Ethereum slightly out-performed Bitcoin for the day, and it is notable that the Ethereum price held above the $1,000 mark even at the height of Tuesday’s Tether-linked volatility. Nevertheless, the second-largest cryptocurrency still declined five percent to $1,114, which translates into a $108.5 billion market cap.
Ethereum Price Chart
Altcoins Bear the Brunt of the Damage
Although bitcoin and ethereum both experienced moderate daily declines, other top-tier cryptocurrencies bore the brunt of the damage.
Ripple’s XRP token endured a seven percent decline, while the Bitcoin Cash price dropped by eight percent. Both of these single-day movements were attractive, however, compared to that of Cardano, which plunged by 13 percent to $0.49.
EOS and NEO each took a nine percent hit, while Stellar fell by five percent to outperform its peers. Litecoin fell back to ninth in the market cap rankings following its six percent decline, while NEM’s 12 percent pullback to $0.79 rounded out the top 10.
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