Crypto markets are down across the board, and that’s nothing new. But what’s behind Ethereum losing 44 percent of its value in just two weeks? From August 1 to August 14, crypto’s number two went from $470 to $260. That’s its lowest level since November 2017. It was trading at around $285 at the time of writing.
Sure, it’s been somewhat of a bloodbath for all cryptocurrencies lately, with other major coins taking a hit as well. But Bitcoin’s value drop is nothing compared to Ethereum’s despite the delayed ETF. What gives?