Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Ethereum Crash: ETH Breaks Down Below $200 on ICO Selling Spree

Published 09/09/2018, 05:49 AM
Updated 09/09/2018, 07:01 AM
Ethereum Crash: ETH Breaks Down Below $200 on ICO Selling Spree
ETH/USD
-

Ethereum (ETH) sank down to levels not seen since May 2017, when the cryptocurrency took off significantly for the first time. Now, ETH has retreated back below the $200 range, finally finding some support around the $190 level. During the bull market, ETH was below $200, first in May, then in mid-July 2017, but the price surged after that, touching over $1,400 at its all-time high.

Even Nouriel Roubini, the economist known as Dr. Doom, commented on the gloom, citing Ponzi schemes, casino games, DEX’s no one uses and lack of useful Dapps as the reason Ether’s decline.

https://twitter.com/Nouriel/status/1038695708633825280

ETH crashed below $200 within three hours, between 17:00 and 20:00 UTC on September 8, and continued drifting near the low range. As of 9:00 UTC on September 9, ETH traded at $191.76. The fall ...


This article appeared first on Cryptovest

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.