Below $300: Ether Price Hits New Low for 2018
Ether, the world's second largest cryptocurrency by market cap, fell to its lowest price on Monday at 2018.
According to CoinDesk's Ethereum Price Index (EPI), cryptocurrency fell below $ 300 for the first time since November 12, 2017, at 16:50 UTC on Monday's trading session.
The ETH appears to have traded at an average price of $ 289.16. This is a 9.6% decline since the end of the day.
According to data from CoinMarketCap, ETH is the biggest loser among the top 10 cash-to-market calls in the market, with a seven-day loss of 28.33%. During that time, the individual market cap also decreased by more than $ 10 billion.
ETH effectively eliminated 100% compared to the same period a year earlier and decreased 78% from its record high of $ 1,337. According to CoinDesk price data, the ether was exactly $ 289.96 a year ago
cryptocurrency is one of several networks that can see declining values during a Monday session. Well-known passwords, including EOS, bitcoin cash and cardano, all suffered a 24 hour loss in excess of 5%.
The total market capitalization of all cryptocurrencies has fallen by nearly $ 15 billion from a maximum of $ 219.4 billion a day, slightly above the $ 20.5 billion currently shown by CoinMarketCap data.
Disclosure: I have written in BTC, AST, REQ, OMG, FUEL, 1st, AMP.
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CoinDesk, a leader in block-chain news, is a media outlet that pursues the highest standards of journalism and adheres to strict editorial policies. CoinDesk is an independent operating subsidiary of the Digital Currency Group, which invests in cryptocurrencies and block-chain startups.
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