Fake news of a fatal car crash wiped out $4 billion in Ethereum’s market value yesterday

“ETH” known as Ethereum, the world’s second most valuable cryptocurrency after Bitcoin, which was invented by a 21-year-old, Vitalik Buterin, in 2015. In just period of 2 years has risen by 50 times this year so far, and many market watchers and experts have wondered when the gains would stop. If we look at the coin market cap we’ll observe that the price was in the midst of a sudden drop that saw about $4 billion wiped off its total market value, and according to the post, Buterin’s untimely death explained it and heralded a crash (which was a fake news to drop the worth of Ethereum)

It turns out that Buterin wasn’t dead and was not involved in any car crash. He took to Twitter to prove that all was well and posted his selfie holding a paper with a block chain code.

Ethereum’s seemed to hit a bottom after the hoax was posted on 4Chan, recovering about 10%. Despite yesterday’s steep down fall, it’s still trading 39 times higher than it was at the start of this year.