Ethereum (ETH) is currently trading at $ 288, a resounding 9.77 percent loss on the day. After having traded most of the day close to the $ 320 mark, the main alternative cryptocurrency saw a vertiginous plummeting fall in the two three hours until the close of this edition.
Ethereum's losses on its daily chart are the most serious among the top ten crypts in the CoinMarketCap listings. In the week, the main losses of the alternative cryptocurrency are more than 28 percent, with monthly losses reaching 33 percent.
Ethereum is currently quoted at a low price in nine months, reaching a price below $ 300 at the end of November.
Bloomberg analysts explained today that the fall in the price of Ethereum is due to the "pressure of charging by the ICOs", noting that Ethereum is the "most popular" platform in which blockchain startups build and raise funds .
On the other hand, Bitcoin (BTC) fell an insignificant 1.6 percent on the day, trading at around $ 6,224 at the close of this edition, according to Cointelegraph's Bitcoin price index. During the previous trading hours today, the asset made a new attempt to break the $ 6 500 resistance, but it slid down, losing around $ 200 in 6 hours.
While in this granular resolution, Bitcoin fluctuations may seem significant, the currency is in fact almost exactly where it was a month ago. However, weekly losses remain at around 9 percent; Only last week, on August 7, Bitcoin was trading above the $ 7,000 mark.
With Bitcoin seeing markedly more resilience than other major crypto-active, traditional media today made a positive comparison with the traditional financial sector: in the midst of the crumbling monetary crisis in Turkey, Bloomberg said today that "the 10-day changes in the lira in comparison with the US dollar, they now surpass those of Bitcoin amid the escalation of Turkey's currency crisis. "
Meanwhile, as a deep Cointelegraph analysis suggested today, the entire crypto market has been absorbing the impact of the United States Securities and Exchange Commission (SEC) by postponing its decision on the trading and trading of a high-profile Bitcoin ETF. until the end of September.