The price of Ethereum falls below $ 200 in the double-digit route



[ad_1]


  ethereum price

On Monday, the price of etherum fell below the $ 200 mark, as the second largest cryptocurrency suffered a further double-digit defeat.

The ETH was on a moderately upward trajectory since it fell briefly below $ 175 last week, surpassing $ 225 at some point over the weekend and, despite some morning losses, holding the $ 200 line in advantage on Monday afternoon.

This changed just before 15:55 UTC, when an increase in sales volume forced ETH below $ 200 on the cryptocurrency-based trading platform with BitMEX leverage. The ETH / USD eventually dropped to $ 192 on BitMEX at around 20:30 UTC, before recovering to a current value of $ 196 at 22:35 UTC.

ETH is now declining by 11% for the day, reducing its market capitalization to just over $ 20 billion.

  price ethereum "width =" 1161 "height =" 717 "srcset =" https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/09/ethereum- price-sept17.jpg 1161w, https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/09/ethereum-price-sept17-300x185.jpg 300w, https: // 248qms3nhmvl15d4ne1i4pxl-wpengine. netdna-ssl.com/wp-content/uploads/2018/09/ethereum-price-sept17-768x474.jpg 768w, https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/09 /ethereum-price-sept17-1024x632.jpg 1024w, https://248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/09/ethereum-price-sept17-640x395.jpg 640w, https: / /248qms3nhmvl15d4ne1i4pxl-wpengine.netdna-ssl.com/wp-content/uploads/2018/09/ethe reum-price-sept17-360x222.jpg 360w "sizes =" (maximum width: 1161px) 100vw, 1161px
ETH / USD | BitMEX | Source: BitcoinWisdom.io

However, ETH was not the only large altcoin to post a sharp decline today. EOS, in fifth place for market capitalization, also saw its fall in prices of 11%, while bitcoin cash, litecoin, cardano, IOTA, TRON, NEO and ethereum classico all lag behind around eight percent.

Bitcoin went slightly better, down slightly less than four percent to $ 6.274 at the time of writing. The top cryptocurrency now has a market share of 56.4%.

Close-up image of Shutterstock

Follow us on Telegram or subscribe to our newsletter here. [19659013] • Join the CCN Crypto community for $ 9.99 a month, click here
• Do you want exclusive analysis and in-depth analysis encrypted by Hacked.com? Click here.
• Open positions on CCN: sought-after full-time and part-time journalists.

Advertising


[ad_2]
Source link