Cryptocurrency February 5, 2026

Ethereum Sinks 10% in One-Day Slide, Market Caps Shrink Across Crypto

Ether falls to the low $1,900s as weekly losses deepen and benchmark cryptocurrencies retrace

By Caleb Monroe
Ethereum Sinks 10% in One-Day Slide, Market Caps Shrink Across Crypto

Ethereum fell sharply on Thursday, trading at $1,935.42 by 10:30 (15:30 GMT) and recording a one-day decline of 10.06%. The move reduced Ether’s market capitalization to $242.09 billion and coincided with losses across major tokens, including Bitcoin. Weekly drops left Ethereum down nearly 29% over seven days and roughly 61% below its August 24, 2025 all-time high.

Key Points

  • Ethereum fell 10.06% to $1,935.42 by 10:30 (15:30 GMT) on Thursday, the largest one-day percentage drop since October 10, 2025.
  • Ether’s market cap declined to $242.09 billion, accounting for 10.37% of the total cryptocurrency market capitalization; its peak market cap was $583.89 billion.
  • Over the past seven days Ethereum lost 28.75% and traded between $1,935.3026 and $2,828.4668; 24-hour volume was $55.13 billion, 25.70% of total crypto volume.

Ethereum traded at $1,935.42 by 10:30 (15:30 GMT) on Thursday, slipping 10.06% over the trading day. The single-session loss marked the steepest one-day percentage decline for Ether since October 10, 2025.

The downward movement trimmed Ethereum’s market capitalization to $242.09 billion, representing 10.37% of the total cryptocurrency market cap. By comparison, Ethereum’s market cap peaked at $583.89 billion earlier.

In the 24 hours leading up to the reported time, Ether’s price fluctuated between $1,935.30 and $2,169.53. Looking across the previous seven days, the token experienced a substantial decrease in value, falling 28.75%. Trading volume for Ethereum in the most recent 24-hour window was $55.13 billion, making up 25.70% of the aggregate trading volume of all cryptocurrencies during that span. Over the past week, Ethereum’s price ranged from $1,935.3026 to $2,828.4668.

Measured against its all-time peak of $4,955.90 reached on August 24, 2025, Ethereum currently sits 60.95% below that high.


Other major cryptocurrencies also moved lower during the same period. Bitcoin was last quoted at $66,825.5, down 9.81% for the day. The stablecoin Tether USDt was trading at $0.9991, a modest gain of 0.03% at the reported time.

Bitcoin’s market capitalization stood at $1,368.27 billion, equivalent to 58.64% of the total cryptocurrency market capitalization, while Tether USDt’s market cap totaled $185.39 billion, representing 7.94% of the overall market value.

The price action left Ethereum with notable short-term and longer-term losses: a nearly 29% drop over seven days and a decline of roughly 61% from its all-time high. Market participants tracking capitalization and volume noted that Ether’s contribution to total market cap had declined to the low double-digit percentage range.

These figures reflect realized prices, ranges, market capitalizations, and volumes for the times and intervals stated above.

Risks

  • Short-term price volatility - Ethereum’s 10.06% single-day decline and weekly fall of 28.75% indicate heightened market volatility that can affect traders and liquidity providers.
  • Market concentration shifts - A reduced share of total market cap for Ethereum could impact protocols, projects, and funds that rely on Ether’s relative market position.
  • Broader crypto market exposure - Simultaneous declines in major tokens such as Bitcoin (down 9.81% in the same period) suggest systemic market risk for crypto-focused investors and service providers.

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