Ethereum joins the cryptocurrency plunge: Second-largest digital currency loses 20% of its value in 24 hours as Coinbase warns customers they could lose ALL their money
- Ethereum Dropped 20% in 24 Hours as Part of Latest Crypto Crash
- Bitcoin is also down 11.24 percent as investors suffer heavy losses
- Even so-called ‘stablecoins’ like Luna have suffered huge losses
The price of Ethereum, the second largest digital currency, has fallen amid a major cryptocurrency market crash.
After trading as high as £1984.76 yesterday, the price has now reached £1425.60 – lost more than 20 percent of its value in just a day.
Bitcoin, the most well-known cryptocurrency, has lost 11.24% of its value and is now selling for £21,910.97 – after hitting a record high of £56,330 just six months ago.
The cryptocurrency market is experiencing its last major crash – but unlike crashes in recent years, this decline appears to be related to a slowdown in traditional markets.
The NASDAQ experienced its sharpest one-day decline since June 2020 earlier this week, and the crypto hit implies increasing integration between crypto and traditional markets.
More to follow…
Source: New feed