Ethereum Drops 20% in 24 Hours; Loses $5.8 Billion in Market Cap in a Week



The cryptocurrency industry is currently going through an unprecedented upheaval, with all major crypto denominations recording a sharp decline in the past 24-hours.

The worst-hit of this downfall is Ethereum, whose value depreciated by over 20% in a just a single day and has hit the lowest exchange value in the past 12 months.

At the time of writing this article, Ethereum is trading at $227.6, which is the lowest recorded exchange value of Ethereum since August 2017, and the same downward spiral has been observed in the case of Ether Tokens.



The cryptocurrency industry is currently going through an unprecedented upheaval, with all major crypto denominations recording a sharp decline in the past 24-hours.

The worst-hit of this downfall is Ethereum, whose value depreciated by over 20% in a just a single day and has hit the lowest exchange value in the past 12 months.

At the time of writing this article, Ethereum is trading at $227.6, which is the lowest recorded exchange value of Ethereum since August 2017, and the same downward spiral has been observed in the case of Ether Tokens.