All cryptocurrencies are in the red, with many seeing
The coin dropped from $190 to lows of $162 before rebounding slightly to its current value of $164, according to data from Messari. This is the lowest ETH’s price has been since May. And it may not all be over yet.
The market is in a worrying state, with many investors heading to US-dollar backed
It’s not clear what has spooked the markets, but a possible scenario is that investors were banking on Bakkt delivering real volume in its physically-delivered Bitcoin futures offerings—where trades are settled in Bitcoin, not U.S. dollars. But Bakkt pulled in less than a million dollars in its first day, which many felt was surprisingly low.
Ethereum Price Plummets down 88 percent since its all-time high in January 2018, at the height of the altcoin rally. Will it ever see such glorious heights again?