Ethereum\u00a0follows\u00a0Bitcoin\u00a0and goes down during the day below $1000. The overall price drop affects the cryptocurrency market capitalization.\r\n\r\nEthereum is the\u00a0second\u00a0most used cryptocurrency with the highest second market capitalization. The price of Ethereum has been impressive from the beginning of the year. In a short time, ETH hit all-time high prices in\u00a02 years period. Ethereum was going after the all-time high price of\u00a0$1420, but something undesirable happened in the market, and the price began to fell sharply. ETH was a few steps away from $1420 with a margin of\u00a0$70.\r\n\r\nEthereum hit\u00a0$1351\u00a0yesterday morning, and since then, everything has happened so fast. Ethereum began to drop, and it ended up below\u00a0$1000. During two days the price fall by\u00a0$400. At the time of writing, the price of the Ethereum was\u00a0$926, with a little recovery towards $1000.\r\n\r\n\r\nEthereum Gas Prices Spike\r\nThe transaction fees for Ethereum spikes lately due to the high demand for the transactions. According to the\u00a0Bitinfocharts, the average transaction fee was 16 USD\u00a0per transaction\u00a0on\u00a04 January.\u00a0The price increase can be the result of a recent price surge in the price of Ethereum. It was the\u00a0record highest\u00a0average fee for Ethereum. Yesterday, the transaction fee was around\u00a0$7.52\u00a0for the transaction.\u00a0\r\n\r\n\r\nMarket Capitalization of Cryptocurrency\r\nYear has begun with positive surprises for the cryptocurrency market. Cryptocurrencies have been displaying positive gains since late December. The total market capitalization passed\u00a0$1 trillion\u00a0in a short time. However, the latest price drop affected the total market capitalization\u00a0negatively. Currently, the market cap is\u00a0$876 billion. The main factors are negative trends in Bitcoin and Ethereum. If those cryptocurrencies begin to gain some value, then the market cap will increase too.\r\n\r\n\r\n\r\n#coinsfera #cryptonews #cryptocurrency #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo #buybitcoinwithcash #sellbitcoinwithcash #buybitcoin #sellbitcoin\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.