RATE Group | Ethereum Falls To Fresh 2018 Lows
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Ethereum Falls To Fresh 2018 Lows

06 Sep Ethereum Falls To Fresh 2018 Lows

Posted at 02:02h in Ethereum News by

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Two of the top 10 cryptocurrencies by market capitalization are now trading at their lowest level in a year.

Ethereum, the world’s second largest cryptocurrency by market capitalization, fell to its lowest price since 2017 on Wednesday, a development shared by Cardano, the world’s ninth largest by market capitalization.

At 16:00 UTC, during the middle of Wednesday’s trading period, the cryptocurrency dropped to $211 for the first time since July 30, 2017, according to CoinDesk price data.

Ether was last seen trading at $221.88, marking roughly a 4.95 percent decline since the day’s open and a 19.83 percent decline over 24-hours.

At press time, ether is one of the biggest losers among the top 10 cryptocurrencies by market capitalization and is reporting a 7-day loss of 20.06 percent. Its individual market capitalization also fell by more than $5.8 billion within that period.

Ether has now effectively erased most of the gains seen during last year’s bull run and is down 84.2…

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