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Daily Round up December 09

News From Around the World

Daily Round up December 08

News From Around the World

Ether Price Now Down 94% from January’s Record High

The price of ether fell to 19-month lows just over $80 today and is now down 94% from its January peak.

Ether’s dollar-denominated exchange rate (ETH/USD) slipped to $81.30 at 02:15 UTC – the lowest level since May 2, 2017 – according to CoinDesk’s Ethereum Price Index (EPI).

As of writing, ETH is trading at $83.00, representing a 17.8 percent drop on a 24-hour basis. Just three weeks ago, it was teasing a short-term bullish reversal above $200.

Daily Round up December 07

News From Around the World

Bitcoin Drops Below $3.4K to Set a New 2018 Low

Bitcoin, the world’s largest cryptocurrency by market capitalization, has once again hit a fresh 2018 low amid a greater crypto market sell-off.

On Dec. 7 at 1:00 UTC, bitcoin (BTC) dropped by 11.46 percent to find a bid below $3,500 at $3,306 surpassing the prior low of $3,640, according to CoinMarketCap and CoinDesk data.

In the last 24 hours, bitcoin’s market capitalization has dropped by $4.8 billion over a 24-hour period and is down more than $14 billion on the week, indicating traders may now be moving money out of bitcoin and into dollars.