Ethereum leaped several thousand percent this year to a record in June.
Prices have been falling steadily since then.
Ethereum plunged more than 20 percent Sunday morning, amid concerns about the recent price surge and the future of bitcoin. Ethereum hit a low of $130.26 around 9 a.m., ET, down 22 percent from Saturday night's prices and the lowest since May 27, according to TradingView charts of Coinbase data. As of midday Sunday, ethereum traded near $159, down about 60 percent from a record $420 hit on June 12, but still up about 1,800 percent year-to-date. Known as initial coin offerings, the fundraisers have gained about $1.2 billion this year, with about $600 million raised in the last 30 days,according to a July report from financial research firm Autonomous NEXT.
Bitcoin also dropped, falling about 12 percent from above $2,000 to below $1,800 Sunday morning, before recovering to trade near $1,938 as of 1:07 p.m., ET, according to TradingView. Bitcoin has doubled in value this year. The *reason* bitcoin price is dropping is the rapid 1500% rise in 2 years, esp. the last 3 months
@eltonrexhepi
Good Post!
Thanks for sharing.