Ethereum surges 10.01% to $2,443.51 in largest one-day gain since May

Coin WorldTuesday, Jun 24, 2025 12:17 pm ET
1min read

Ethereum experienced a significant surge on Tuesday, climbing by 10.01% to reach $2,443.51 by 12:02 GMT. This marked the largest one-day percentage gain for Ethereum since May 10, highlighting a notable shift in its market performance. The upward movement also propelled Ethereum’s market capitalization to $294.45 billion, representing 9.06% of the total cryptocurrency market capitalization. At its peak, Ethereum’s market cap had reached $569.58 billion, indicating the substantial growth potential within the cryptocurrency space.

Over the past twenty-four hours, Ethereum traded within a range of $2,377.26 to $2,447.36, showcasing its volatility and the dynamic nature of the cryptocurrency market. Despite this recent gain, Ethereum has seen a 2.39% decrease in value over the past seven days, trading within a range of $2,115.6572 to $2,568.5833. This fluctuation underscores the inherent risks and opportunities associated with investing in cryptocurrencies.

At its current price, Ethereum is still down 49.76% from its all-time high of $4,864.06, which was set on November 10, 2021. This comparison provides a historical context for Ethereum’s performance, illustrating the significant price corrections that have occurred since its peak. The cryptocurrency market remains highly speculative, with prices subject to rapid changes based on various factors, including market sentiment, regulatory developments, and technological advancements.

In the broader cryptocurrency market, Bitcoin also saw a notable increase, rising by 4.69% to reach $105,315.2. This movement reflects the interconnected nature of the cryptocurrency ecosystem, where the performance of one major cryptocurrency can influence the broader market. Tether USDt, a stablecoin designed to maintain a value of $1, was trading at $1.0004, experiencing a slight loss of 0.02%. Bitcoin’s market cap stood at $2,093.20 billion, or 64.37% of the total cryptocurrency market cap, while Tether USDt’s market cap totaled $156.41 billion, or 4.81% of the total cryptocurrency market value. These figures highlight the dominance of Bitcoin and the stability provided by Tether USDt within the cryptocurrency landscape.