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Ether Prices Fall Below $190 Amid Broader Crypto Price Decline

Cryptocurrency

Ether Prices Fall Below $190 Amid Broader Crypto Price Decline


Ether prices fell below $190 today amid a wider drop in cryptocurrency markets.

The price slipped to about $183 as of press time, per CoinDesk data, a decline of roughly 13% since it opened the day at $210.81.

According to WorldCoinIndex, ether (the cryptocurrency of the ethereum network) is trading at $183.41 on South Korea-based Bithumb, the world’s most voluminous exchange for the token.

The move comes just three days after ether fell below $200 to hit a 40-day low, representing a more than 50% decline from the $400-odd prices seen in early June. According to CoinDesk data, prices were still well above $300 on June 14, after crossing the $100 mark for the first time in May.

The drop in the price of ether comes during a broader decline in cryptocurrency markets in recent days. Data from CoinMarketCap.com reveals that the collective market capitalization of all cryptocurrencies has fallen below $80bn, after climbing as high as $115bn last month.

Bitcoin prices are down about 6.5% at press time, sliding to $2,209.41 after opening the day at $2,364.52.

Image Credit: Cassiohabib / Shutterstock.com

Correction: This article has been amended to reflect that the collective market capitalization of all cryptocurrencies has fallen below $80bn, not $80m. 

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].



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