Ethereum lost 4 percent of its value in the past 24 hours, falling to approximately $1,628. This decline coincided with a broader sell-off across the cryptocurrency market. The total market capitalization dropped by 3.46 percent to around $2.12 trillion. Bitcoin also came under pressure, slipping from $64,100 to about $61,049. Due to these sharp moves, over $1.1 billion worth of positions were liquidated in just one day. XRP’s dip below $1.15 underscored that the weakness was not limited to Ethereum and Bitcoin.