Ethereum Plunges 12%: Will ICOs Continue to Drag ETH Down?13.14

Bears hit the cryptocurrency market today, and Ethereum was among the most severe casualties.

The world’s third largest cryptocurrency erased as much as $2.25 billion from its market cap. Meanwhile, its value plunged 12 percent from an intraday high at $177 to $155.60 – its new intraday low – within a few hours, according to aggregated data available at CoinMarketCap.com. Aayush Jindal, a crypto market analyst at NewsBTC, predicted further declines in the Ether-to-dollar market, citing a critical bearish trendline that is capping every upside attempt of the digital currency.

Original source
https://www.newsbtc.com/2018/11/19/ethereum-plunges-12-will-icos-continue-to-drag-eth-down/

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