- Ethereum leaped several thousand percent this year to a record in June.
- Prices have been falling steadily since then.
Ethereum plunged more than 20 percent Sunday morning, amid concerns about the recent price surge and the future of bitcoin. Ethereum hit a low of $130.26 around 9 a.m., ET, down 22 percent from Saturday night's prices and the lowest since May 27, according to TradingView charts of Coinbase data. As of midday Sunday, ethereum traded near $159, down about 60 percent from a record $420 hit on June 12, but still up about 1,800 percent year-to-date. Known as initial coin offerings, the fundraisers have gained about $1.2 billion this year, with about $600 million raised in the last 30 days,according to a July report from financial research firm Autonomous NEXT.
Bitcoin also dropped, falling about 12 percent from above $2,000 to below $1,800 Sunday morning, before recovering to trade near $1,938 as of 1:07 p.m., ET, according to TradingView. Bitcoin has doubled in value this year. The *reason* bitcoin price is dropping is the rapid 1500% rise in 2 years, esp. the last 3 months
I hear that late July to early August will be keys dates for bitcoin.
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I heard that bitcoin will stop rising at december :/
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@eltonrexhepi
Good Post!
Thanks for sharing.
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