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Ethereum breaks below $150 as bearish momentum continues

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(zero)–sm Mt(zero.8em)–sm" sort="textual content" content material="The previous 5 days have seen the value of Ethereum, the second hottest cryptocurrency by market cap, expertise back-to-back losses. Throughout that point, it has fallen from effectively over $180, right down to its present value of $147.46, dropping 16% of its worth.” data-reactid=”19″>The previous 5 days have seen the value of Ethereum, the second hottest cryptocurrency by market cap, expertise back-to-back losses. Throughout that point, it has fallen from effectively over $180, right down to its present value of $147.46, dropping 16% of its worth.

Ethereum has seen its value fluctuate significantly throughout this time—with its worth briefly touching as low as $135.79 earlier in the present day, earlier than recovering considerably. At its present worth, Ethereum has misplaced near 2% since yesterday.

Taking a look at longer timeframes, we discover that Ethereum has misplaced simply over 16% within the final month, whereas the cryptocurrency is down near 40% within the final six months. For comparability, Bitcoin (BTC) has misplaced simply 6% within the final six months, whereas the value of XRP is down roughly 40% throughout that point.

The latest bearish momentum seen by virtually all cryptocurrency markets is probably going a direct results of Bitcoin falling below $eight,000 for the primary time since late October. This seems to have despatched cryptocurrency buyers right into a promoting frenzy. Summing it up, various.me’s Crypto Worry & Greed Index is now at its lowest level since August—claiming the market is now in a interval of maximum uncertainty and fear.

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