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Monday, July 17, 2017

Ethereum Price Plunges 20% on Sunday, Then Recoups

Ethereum Price Plunges 20% on Sunday, Then Recoups

The price of the cryptocurrency and Blockchain platform Ethereum continued to suffer losses as an effect of worries about Bitcoin’s potential split that’s approaching August 1. Bitcoin price has also been falling lately, although not in such a dramatic manner.

On Sunday, it plunged more than 20 percent. Although Monday morning it recouped most of its weekend losses, investors’ concerns clearly remain intact.

The currency has had a remarkable year, having risen several thousand percent since January to a peak of $420 on June 12. Many investors who bought in at that time are facing the harsh reality of cryptocurrency volatility, as the currency hit a midday low of $130 around 9 a.m. Sunday morning. This is the lowest price the currency has seen since May 27.

Full story at

Source: CoinTelegraph

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