RATE Group | Cryptocurrencies fall once again as Ethereum founder warns days of explosive growth are …
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Cryptocurrencies fall once again as Ethereum founder warns days of explosive growth are …

10 Sep Cryptocurrencies fall once again as Ethereum founder warns days of explosive growth are …

Posted at 14:53h in Ethereum News by

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The cryptocurrency bear market sank to fresh lows on Monday amid a sharp sell off in Ether, Bitcoin’s biggest rival, and US regulators suspending trading in two securities linked to digital assets.


Ether, the second-largest virtual currency, fell 10% from its level at 5pm New York time on Friday, according to Bloomberg data.


Bitcoin lost 2.6%, while the market capitalisation of digital assets tracked by CoinMarketCap.com shrank to just below US$200bn. In January, it peaked at US$240bn.


The value of cryptocurrencies has fallen in five of the past six weeks amid concern that a wider adoption of digital assets will take longer than some had expected.


News over the weekend that US regulators temporariliy suspended trading in two exchange-traded notes linked to cryptocurrencies didn’t help.


Ether has come under extra pressure after its co-founder, Vitalik Buterin, told Bloomberg that the industry is unlikely to enjoy the kind of growth it saw…

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