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Ethereum falls below $100—down 93 percent from its January high

Posted on December 6, 2018 by Xordac Prime
Ethereum falls below $100—down 93 percent from its January high

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The monthlong cryptocurrency slide continued overnight with ether, the cryptocurrency of the Ethereum network, falling below $100 for the first time since May 2017. Ether’s value is down 93 percent from its January high above $1,400.

Bitcoin reached a 2018 low of around $3,500 last week. It’s now trading at around $3,700, down 80 percent from its high of almost $20,000 last December.

There doesn’t seem to be any specific cause for recent declines. Rather, the steadily declining prices seems to reflect a general decline of enthusiasm for the cryptocurrency.

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Source: Ars Technica – Ethereum falls below 0—down 93 percent from its January high

This entry was posted in Ars Technica, Unfiltered RSS and tagged Ars Technica by Xordac Prime. Bookmark the permalink.
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