Ether Drops Below $1,400, Pummeled By US Inflation And Difficulty Bomb Setback

Ether Drops Below $1,400, Pummeled By US Inflation And Difficulty Bomb Setback


Ether fell to its lowest level in more than a year as altcoins took a greater beating. The second-largest cryptocurrency by market capitalization recently traded for approximately $1,450, a decline of more than 15 percent since the weekend.

At the time of writing, Ethereum is trading at $1,327.40, a decrease of 26.5 percent over the previous week. Monday’s Coingecko statistics shows that ETH has lost over $200 in the last 24 hours and over $500 in the last week.

Ether Market Cap Sheds $38 Billion In Three Days

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Throughout most of the last 30 days, the price of ether hovered around $1,800. The second part of the week was a miserable one for Ethereum, with its market capitalization falling by almost $38 billion in the last three days.

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