Why Ethereum Lost 3% Today
The price of popular cryptocurrency Ether (CRYPTO: ETH) has been dropping for the last month, and continued to do so today. The digital currency's value has dropped 30% over the last month, and almost 20% in just the last week. Today, Ether ended the market trading day more than 3% lower.
Of course the price drop also comes after cryptocurrencies as a group have soared in the last year. Ether is up 740% in the last 12 months and has still gained 170% year to date despite the recent swoon. Ether, along with its Ethereum platform where the cryptocurrency resides, is often lumped in with other well-known digital currencies like Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE). And some recent news has impacted the cryptocurrency world in general.
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Source Fool.com
