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Ethereum (ETH) Price Hits Nine-Month Low, Plunges Below $300

Published 08/14/2018, 01:31 AM
Updated 08/14/2018, 02:41 AM
 Ethereum (ETH) Price Hits Nine-Month Low, Plunges Below $300

Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, tumbled to a nine-month low of below $300 on Monday.

The coin was hovering around $320 earlier during the day, but a sell-off kicked off at around 15:00 UTC, sending the price to as low as $285 — a level last seen in November 2017. At one point, ETH was down 17% on the day, marking its biggest drop since March and making it the worst performer among the top 10 cryptocurrencies by market capitalization.

As of 20:33 UTC, the digital coin is changing hands at $289.9, almost 10% down on the day, according to Coins.Online data. Its market capitalization stood at $29.3 billion.

Erasing its year-on-year growth and droppin...


This article appeared first on Cryptovest

Latest comments

It's over Johnny. OVER!
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