Ethereum Falls Below $2,200, Down 1.83% in 24 Hours
Ethereum slipped under the $2,200 level against Tether (a U.S. dollar-pegged stablecoin), with the quoted price at $2,199.64 and a daily decline of 1.83%.
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Summary
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Terms & Concepts
- USDT: Tether, a stablecoin designed to track the U.S. dollar and commonly used as a quote currency in crypto trading.
- 24-hour change: A standard market metric showing how much an asset’s price has risen or fallen over the past day.
- Stablecoin: A type of cryptocurrency intended to maintain a stable value, often by being pegged to a fiat currency such as the U.S. dollar.