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Cryptocurrency Ethereum is crashing

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  • Cryptocurrency Ethereum is crashing

    LONDON — Ethereum's price crash has extended to a second day, with the cryptocurrency down more than 15% in early trade on Tuesday.

    Ethereum and bitcoin have both rallied strongly since the start of the year, with Ethereum rising over 5,000% from around $8 in January to a high of over $400 on June 13. The cryptocurrency has been boosted by the rise in popularity of so-called "Initial Coin Offerings" — a money-raising method that uses Ethereum's network.

    However, Ethereum fell around 10% on Monday amid talk of a potential price bubble.
    The digital currency is down over 15% on Tuesday morning, after a fall of close to 10% on Monday.

  • #2
    The fall in the Ethereum price does not mean anything at all, all cryptocurrencies depend on Bitcoin, and its jumps in price constantly