Ethereum, one of the top three Altcoins in the crypto market, had a crazy week. The fluctuation in the market is causing all the coins to go on a roller coast ride and Ethereum is not an exception. The week started with the market cap of $10,509,733,364 and price of the coin was hovering around $101 mark. When compared with the previous week you can clearly see the downward trend of the coins. The following days of the week resulted in the coin spiralling downwards further.
The coin started with a dip during the initial hours of the first day. It was a good way to start the day, the market cap of the coin was $9,956,563,025 and the price of the day started at $96.07. The coin was unable to see a spike in the day, the value of the coin further plunged causing panic in the market. The lowest point of the coin was witnessed just before the day came to an end, $8,763,312,700 was the market cap and the price of the coin reached the $80 mark. That was how the first day of the week ended for the coin.
A sudden sharp rise in the condition of the coin was witnessed in the early hours of the second day. This caused some hope among the crypto community; the market cap reached $9,904,813,761 and the price compared to the previous day reached a notable spike, the price was at $95.55. The second day, 8th of December was the true roller coaster day; the coin was struggling to reach a stable platform. A sudden spike in the early hours was followed by a spindle downwards; the coin reached a price of $91.87 with the market cap going down. As mentioned earlier the second day was a bumpy ride. Around the midday of the coin again witnessed a rise in the graph, market cap reaching $10,055,181,678 and the price also started rising, the price reached a value of $97.00 in the spike. After that, the coin witnessed a near stability path, with the market cap finding a stable graph price continued its downward curve.
On the third-day market cap and price of the coin was moving steadily with no fall or spike. This day can be called as the stable day of the week. The bumpy ride of the coin came to an end and this day even saw a rise in the market cap and price towards the end of the day. Market cap reached $10,240,626,041 and price saw a notable rise, $98.76 was the price as the day closed.
In spite of the coin finishing the previous day on a good note, the following day witnessed a gradual decrease in the graph. Initial hours of the day witnessed the market cap decreasing gradually, the market cap was $10,114,934,824 and the price was $97.54 when the day started, but around the midday, the coin reached a lower market cap than the previous day. $9,569,925,583 was the market cap during the midday and price also started going down, $92.28 was the price when the market cap started to go down.
When the previous day was coming to an end the market cap of the coin was at $9,444,401,981 and the price of the coin was floating around $91.06. The next day for the coin was not so good, a really dreadful price curve was witnessed in the in the evening hours of the day this caused market cap and price to tumble down. Price of the coin really suffered in the later part of the day, when the market cap was at $9,495,133,385 the price of the coin started to go down the road. Price reached $87.96 in the midday and after that, the price of the coin failed to see a spike in the graph.
The coin was maintaining a low profile until the late night hours of the day. The surge in the price of the coin was witnessed in the final hours of the day that helped the coin to reach a price value of $91.85. Price of the coin was fluctuating but the market cap was maintaining a stable graph. This was the only consoling fact for Ethereum fans. The day ended with the market cap at $9,490,526,999 and price of the coin was at $91.47.
Coin started the day with the market cap of $9,499,481,953, there were not any major fluctuations witnessed until now in the day. Market cap and price of the coin are travelling on a stable path. This can be good news of the crypto community but the day is still fresh and fluctuations are possible towards the end of the day.
A stable market of Cryptocurrencies is not a long shot but still, the fluctuations are causing a panic among the crypto community.