Not exact matches
Ethereum, the second major cryptocurrency by
market cap, has
dropped 9 % in the last 24 hours, or below $ 870.
While the price of
ethereum and
ethereum classic (the new coin)
dropped initially after the split,
ethereum's
market value recovered quite nicely, currently hovering around $ 32 billion, while
ethereum classic continues to hold value at just over $ 1 billion.
An unfounded rumor on 4chan that
Ethereum creator Vitalik Buterin died in a car crash exacerbated the
market drop.
In the wake of this disclosure,
Ethereum's corresponding
market drop was relatively small.
Using the example of
Ethereum Classic (ETC) and Bitcoin Cash, two other very well - known hard forks from the two biggest cryptocurrencies on the
market, what buyers, owners, and interested parties will see is likely to be a slight
drop off when the coin does officially go through a Bitcoin Gold fork.
The most reasonable explanation for why the
Ethereum currency
dropped from a high of $ 311.46 on Monday to a low of $ 238.65 is that a
market correction is taking place for the out of control values of digital currencies.
Ethereum's
market price
dropped by 3.33 % in the last 24 hours and is now being traded at $ 523.69.
The whole crypto
market went for a slide with heavy hitters like Bitcoin and
Ethereum dropping considerably.
After entering January controlling approximately seven percent of the cryptocurrency
market cap, bitcoin cash has seen its share
drop by one - tenth to 6.3 percent as other altcoins — most notably
ethereum — have surged to all - time highs.
Ethereum (ETH) prices have
dropped to a low of $ 88 per ETH, but still holds $ 8 billion in
market capitalization.
Since then, it has had a
drop of about 3 % but given the gap between ETH and BCH which stands at 3rd position in terms of
market cap,
Ethereum seems to be able to occupy this spot right into 2018.
At the press time, Bitcoin has the largest
market cap of $ 237 billion, but in case the king of cryptocurrency continues to
drop in price, it will not take long for Ripple or
Ethereum to usurp Bitcoin's throne.
Ethereum, the second biggest cryptocurrency by
market cap,
dropped to just over $ 460.
Ripple, which has just recently displaced
Ethereum as the highest altcoin by
market capitalization, has similarly
dropped by at least 20 percent over the past two days.
Ethereum, the second largest cryptocurrency by
market capitalization has also seen a dive in its price with a
drop of about 47 % on a year - to - date basis.
However,
ethereum was not the only cryptocurrency to
drop as the entire
market fell on after the Chinese announcement.
On October 17, the vast majority of cryptocurrencies in the
market including Bitcoin and
Ethereum have recorded slight corrections in price, as the price of Bitcoin fell below $ 5,600 and
Ethereum price
dropped to $ 320.
This view seems supported by the fact that the second most valuable blockchain by
market cap,
ethereum, has also seen a dramatic
drop in fees in recent months.
The founder of the
Ethereum network has warned that the cryptocurrency
market could «
drop to near - zero at any time.»
Even the biggest players in the Cryptocurrency
market, notably, Bitcoin,
Ethereum, Ripple Dash etc. have not been spared from this sudden price
drop.
The
Ethereum price
dropped to as low as $ 835 and its
market cap is now valued at $ 81 billion.
After
dropping into the $ 700 range during the troubles that shook the
market last week,
Ethereum bounced back more efficently than some other coins.