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Ethereum Price Drop 2017

Ethereum Price Crashed From $319 To 10 Cents On Gdax After Huge Trade

Ethereum Price Crashed From $319 To 10 Cents On Gdax After Huge Trade

The price of ethereum crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange on Wednesday, a move that is being blamed on a "multimillion dollar market sell" order. Ethereum is an alternative digital currency to bitcoin and had been trading as high as $352 on Wednesday. It has since rebounded from its flash-crash lows to trade to about $325 on the GDAX exchange. According to industry and price tracking website Coinmarketcap, which takes into account the price on several exchanges, ethereum was trading around $338. Adam White, the vice president of GDAX which is run by U.S. firm Coinbase, posted on the exchange's blog, outlining what took place at around 12:30 p.m. PT on Wednesday. According to White, the multimillion dollar market sell order resulted in a number of orders being filled from $317.81 to $224.48. As the price continued to fall, another 800 stop loss orders and margin funding liquidations caused ethereum to trade as low as 10 cents. A stop loss order is a trade that is executed automatically once a security in this case ethereum hits a particular price. Margin funding is essentially trading with borrowed funds. Liquidation is when these positions are closed automatically in order to prevent further losses. The knock-on selling effect caused the flash crash on GDAX . The chart below is a screenshot of the GDAX price showing the high and low price. Many on social media criticized GDAX and alleged there was some sort of illegal activity taking place. GDAX denied this. "Our initial investigations show no indication of wrongdoing or account takeovers. We understand this event can be frustrating for our customers. Our matching engine operated as intended throughout this event and trading with advanced features like margi Continue reading >>

Ethereum Price Falls July 11 - Business Insider

Ethereum Price Falls July 11 - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our LONDON Ethereum's price crash has extended to a second day, with the cryptocurrency down more than 15% in early trade on Tuesday. Ethereum and bitcoin have both rallied strongly since the start of the year, with Ethereum rising over 5,000% from around $8 in January to a high of over $400 on June 13. The cryptocurrency has been boosted by the rise in popularity of so-called "Initial Coin Offerings" a money-raising method that uses Ethereum's network. However, Ethereum fell around 10% on Monday amid talk of a potential price bubble. It is down just over 15% against the dollar to $ at 8.47 a.m. BST (3.47 a.m. ET): Mati Greenspan, a market analyst with trading platform eToro, told Business Insider over the phone on Tuesday morning that the crash has been "a long time coming." "Anything that goes up that far, that fast has to have some sort of correction," Greenspan said. Greenspan said: "Currently on the mind is ICOs. We've been seeing a lot of money get ridiculous amounts of money." Startups, some at an incredibly early stage, have raised over $1 billion so far this year issuing new digital currencies that have been created using the Ethereum network. Greenspan said that scepticism over these projects could be contributing to the price correction. He added that many of these the people behind these ICOs could be trying to cash out of Ethereum, flooding the market with sell orders and thus depressing the price. (When a company raises money through an ICO, it generally raises either Ethereum or bitcoin, which then generally has to be converted into a currency like the US dollar or British Pound.) "Ther Continue reading >>

Bitcoin: Cryptocurrencies Down 23% For July. Is This Bottom? | Fortune

Bitcoin: Cryptocurrencies Down 23% For July. Is This Bottom? | Fortune

Alex Sunnarborg (@alexsunnarborg) July 12, 2017 As you can see, bitcoin did not fare as badly as some of its smaller rivals. The original digital currency is down around 6.5% while Ether, the cryptocurrency associated with the decentralized computing network Ethereum, is down 29%. Ripple dropped a brutal 39%. The average overall decline is approximately 22.7 %, though its important to note some of these currencies are relative minnows. The market cap of bitcoin, the sectors undisputed heavyweight, is currently around $40 billion while that of Dash is $1.3 billion. Get Data Sheet , Fortunes technology newsletter. All of this raises the question of what is driving the decline and whether the prices have bottomed out. Unlike earlier price jolts in the famously volatile digital currency market, there has been no obvious external shocka major hacking incident or a regulatory crackdownto explain the current decline. As such, the dismal July may simply represent the deflating of a bubble inflated by lots of Johnny-come-lately speculators who rushed into the market in May and June. Now, some are suggesting that, in the case of Ethereum, the market has already hit bottom. Spiros Margaris (@SpirosMargaris) July 12, 2017 And indeed, in the past few days, the price of Ethereum has started nudging upward again, suggesting the prediction is right. On Wednesday, the currency had risen to around $220 from Tuesdays low of $192. On the other hand, when it comes to bitcoin and Ethereum, it feels like anything canand doeshappen. (Did you see the guy photo-bomb Janet Yellons remarks on Wednesday with a buy bitcoin sign ?) If youre a skeptic, you can take account of remarks this week by the chairman of BlackRock who called price charts related to blockchain-based companies scary and said bi Continue reading >>

Ethereum [eth] Goes Back To Its September 2017 Price Drops By More Than 10% In 24 Hours

Ethereum [eth] Goes Back To Its September 2017 Price Drops By More Than 10% In 24 Hours

Since the past few months, Ethereum [ETH] has been hit the hardest in the bearishmarket. This time, the ETH has hit its all-time low for the year leaving the whole cryptocurrency market in a state of shock. Some people in the community have also startedspeculating aboutthe future of the cryptocurrency in the market. The #2 cryptocurrency in the market has plunged by more than 10% in the past 24 hours. The coin witnessed a free-fall below $300 for the first time since its November high. According to CoinMarketCap, at press time, Ethereum [ETH] was trading at $289.38 with a market cap of $29 billion and has dropped by more than 3% in the past 1 hour. The coin saw a free-fall from $315 to $298 in less than an hour, after which, it showed signs of recovery only to drop again to $286. Ethereum [ETH] price drops below $300 | Source: Trading View This has caused Ethereum [ETH]s price to go back to its September 2017 price. Ethereum [ETH] current price when compared to September 2017 || Source: Trading View Majority of the cryptocurrency market speculators believe that the reason for the continuous drop in the market is becauseof the ICOs based on Ethereum platform. According to them, all the ICOs which have failed to perform well are starting to cash our their tokens and this has led to Ethereum [ETH]s price to plummet. Moreover, some of the traders believe that Ethereum is going to be in the bears grip for a long a time and have already started to opt for shorts. ICO Advisors/Team Scammers..,.im sure they are trying to get out as fast before eth collapse in price ahahaha.what will happen next to ethereum?..,less buyers. huge sellers,huge ethereum holders from icos..bankrupt is coming..the end of ico scams.POP CORN Continue reading >>

Ether Prices Hit Fresh 2018 Low As Free Fall Continues

Ether Prices Hit Fresh 2018 Low As Free Fall Continues

I am a financial writer and consultant who focuses on investments. Ether prices just reached a new 2018 low.Photographer: Chris Ratcliffe/Bloomberg Ether prices have fallen to their lowest point this year, extending the losses they suffered earlier in 2018. The worlds second-largest digital currency by market valuefell to as little as$185.09, according to CoinMarketCap . At this price, ether was down close to 90% from its all-time high of more than $1,400 reached in January, additional CoinMarketCap figures show. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] This alternative protocol asset or altcoin enjoyed very robust gains in 2017 and the start of 2018,pushed higher as the broader digital currency markets surged in value. Amid this robust bull market, ether climbed more than 16,000% between the beginning of 2017 and its all-time high. Some analysts pointed to the rising prevalence of initial coin offerings (ICOs) as a major factor provoking these sharp increases, as many of these sales involved exchanging ether for digital tokens. While the market for ICOs was at one point very hot, withmany aspiring entrepreneurs using this approachin an effort to raise funds, the environment has changed. Many of these token sales have failed, withGreySpark Partners research reported on by CoinDesk indicating that close to half of all ICOs that took place in 2017 and 2018 did not succeed in raising any money. While ether prices were bolstered by this ICO activity, they have been caught in a sharp, downward trend sincereaching a record high in January. The cryptocurrency could easily continue to lose value, according to some analysts. I wouldnt be su Continue reading >>

Bitcoin And Ethereum Price Has Peaked, Billionaire Says | Fortune

Bitcoin And Ethereum Price Has Peaked, Billionaire Says | Fortune

About two months ago, hedge fund billionaire Michael Novogratz made a bold announcement: Hed put 10% of his net worth into digital currencies including Bitcoin and Ethereum. But a lot can happen in a couple of months. Specifically, the price of Bitcoin has more than doubled, and the Ethereum price has multiplied six-fold. So around the time the cryptocurrencies reached all-time highs earlier in June, with the Bitcoin price hitting $3,000 and Ethereum breaking $400 the following day, Novogratz thought the current crypto boom had topped out. He sold a bunch of his digital coins. I think the market had a spectacular run, and trees dont grow to the sky, Novogratz said this week, speaking at CBInsights Future of Fintech conference in New York. So I probably still have roughly 10% of my net worth in crypto, but its been scaled way back. I own a lot less coins, theyre just worth more, Novogratz added. His call turned out to be well-timed. Just days after setting record prices, Bitcoin and Ethereum crashed as much as 25% in just 24 hours. Ethereum kept right on falling, at one point trading 46% off its high and thats not even counting last weeks flash crash in which the price briefly plummeted to just 10 cents. Cryptocurrency traders have become accustomed to their prices violently whipsawing up and down in waves a 30% drop in the Bitcoin price in May preceded its recent peak by about two weeks but the current downdraft appears more sustained. Though the cryptocurrencies, rooted in a technology system known as the blockchain, have each since recovered some of their losses, they have yet to come anywhere close to their highs. Now, Novogratz, who formerly ran a hedge fund at Fortress Investment Group and now invests in blockchain companies, thinks the cryptocurrencies have peake Continue reading >>

Ethereum Price Drops 20% After A Pile Of Fake And Old News Reports

Ethereum Price Drops 20% After A Pile Of Fake And Old News Reports

Ethereum price drops 20% after a pile of fake and old news reports Vitalik Buterin, co-founder of Ethereum, proves his existence among the living by posting a photo of himself with a hash of a just-mined Ethereum block. Ethereum has quickly recovered from a flash crash last week, in which the cryptocurrency went from the price of $317 to $0.10 in a few seconds. But now, after several unsubstantiated or just plain old news reports over the weekend, Ethereum seems to be experiencing a real correction. SEE ALSO: This ethereum-based project could change how we think about digital art Ethereum is a cryptocurrency and a payment system, just like the better-known Bitcoin, but it's also a decentralized platform that allows developers to build and run applications. Its currency, ETH or Ether, soared in value in the last six months or so, jumping from about $10 per ETH token to about $380 last week. But ETH is currently trading at about $263 , according to Coindesk, losing about 20% of its value in the last 24 hours alone. The drop in price is likely fueled by several erroneous news reports. The first one apparently originated on the anonymous messaging board 4chan, where Vitalik Buterin, co-founder of Ethereum, was proclaimed dead after a car crash. Buterin squashed that rumor by posting a blockchain-based proof of him being alive on Twitter early Monday, but that didn't stop the Ether price from falling. Another day, another blockchain use case. pic.twitter.com/OyHzdhEeGR Vitalik Buterin (@VitalikButerin) June 26, 2017 The Times added fuel to the fire by posting a statement from entrepreneur Brock Pierce, who'd apparently said (The Times offered no source or context for the quote) that it was British programmer Gavin Wood, and not Buterin, who'd written 100% of the code for Et Continue reading >>

Ethereum Drops Below $250 As Price Hits Inflection Point - Coindesk

Ethereum Drops Below $250 As Price Hits Inflection Point - Coindesk

Ethereum Drops Below $250 as Price Hits Inflection Point The ether-US dollar exchange rate fell to a six-week low below $250 today as the mood in the markets soured and fears of a broader exchange crackdown in China were seemingly confirmed. However, while today's price decline appears to be a response to the news , ether's particular drop should not be a surprise for traders the move was in line with the bearish technicals discussed earlier this week. As we've covered previously,China's decision to ban ICOs hurt ether the most as the vast majority of ICOs are launching tokens issued on top of the ethereum blockchain . When the news hit the wires last Friday, it lead to a bout of panic selling in cryptocurrencies. However, as the rumors went unconfirmed, ether prices moved higher to $316 levels on the back of short covering. The lack of fresh buying interest then made way for a deeper correction to $256 levels. All in all, however, it's perhaps best to view this as nothing more than a healthy technical correction following a rally of epic proportions. In one year, the value of all blockchain-based cryptocurrencies has increased by a whopping 1,450 percent. Ether clocked record highs above $400 this summer, and at press time, it's still trading at $266 levels, which means only 50 percent of the rally from the July low of $136 has been undone. Week-on-week, ether is down 20.6%. On a monthly basis, the cryptocurrency is down 11%. Last but not the least, the technical factors are responsible for the sell-off as well. The ongoing technical correction would add credence to the stellar rally in ether and other cryptocurrencies. In a way, the correction is a litmus test as traders who missed the bus earlier can enter the market now. Increased dip demand would signal that heigh Continue reading >>

Ether Drops Below $400 To Hit Lowest Price Since November

Ether Drops Below $400 To Hit Lowest Price Since November

Ether Drops Below $400 to Hit Lowest Price Since November Mar 29, 2018 at 21:31 UTC|UpdatedMar 29, 2018 at 22:44 UTC The price of ether, the cryptocurrency of the ethereum network, fell below $400 on Thursday for the first time since November. Ether hit a low of $387.85, according to CoinDesk data , and as of press time is trading at roughly $394. On GDAX , the cryptocurrency exchange operated by startup Coinbase, ETH is currently trading at around $392. The cryptocurrency's price hasn't been below the $400 level since November 23, according to data from CoinMarketCap . At the time, the price had nearly reached an all-time high and would go on to surpass $1,200 as the broader cryptocurrency market shot to its peak. As previously reported, ether is one of several major cryptocurrencies to take a hit during Thursday's trading session. Others in the top-10 cryptocurrencies by market capitalization, including bitcoin cash and Ripple's XRP token, also hit lows for 2018. Ether isn't the only cryptocurrency to see significant moves in today's session. In the last hour, bitcoin's price dropped to a low of $7,016.53, according to the Bitcoin Price Index ( BPI ), only to leap back to$7,165.26 as of press time. Graph via CoinDesk BPI; Drop tower image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Continue reading >>

Why Ethereum's Price Is Dropping | Venturebeat

Why Ethereum's Price Is Dropping | Venturebeat

Anyone following the cryptocurrency market over the past few months has seen the spectacular rise and pretty dramatic fall of the value of an Ether. The currency rose from the $100 range to the $400 range from May to June; and from June to July weve seen it drop back down to the $200 range. The question is, why is this happening now? With over $500 million worth of Ether raised in initial coin offereings (ICOs) during June alone and a feature on the cover of Forbes, the market has reached fever pitch. What we are now witnessing is the other side of this phenomenon. 1. Post-ICO startups are cashing out to reduce risk These projects have costs. And, for now, those costs are in fiat currency. While you can buy some things with Ether and Bitcoin, most of the expenses of running an organization and the expenses of the people who work in those organizations still happen in boring old dollars, euros, and yen. Lets assume for the moment that the startup projects are not scams or pump and dump schemes (Ill get those a bit later). Still, these projects have to get actual money to pay for stuff and, thanks to blockchain, we can see it all happening. So when EOS decides to deleverage some of its ETH risk, everyone knows about it . And when Tezos, which I predicted would raise $250 million (it was just a little bit under that), completes a record-setting crowd sale , it will do what anyone does: reduce risk. Scale this out to every project and assume for a moment that every ICO is going to take 10-20 percent of its ETH off the table and put it in fiat to avoid the crash that everyone knew was coming, but didnt know when, and now you have $50-100 million worth of sell orders coming in at the same time. Thats a decent percentage of the market moving in one direction at once. And that Continue reading >>

How Did Ethereums Price Perform In 2017?

How Did Ethereums Price Perform In 2017?

How Did Ethereums Price Perform In 2017? By Joe Liebkind | Updated January 2, 2018 2:15 PM EST How Coinfloor's Bitcoin Futures Differ from CME, CBOE As the curtain closedon 2017, millions of investors looked back on what was likely the best year ever for cryptocurrencies no matter which they put their money in. Though the markets attention was firmly focused on bitcoin's impressive five-figure price tag, other cryptocurrencies achieved even greater gains. This is apparent when looking at how the industrys total market cap between cryptocurrencies has fragmented. Where bitcoin once represented over 85% of the total crypto capitalization in January 2017, it now stands at just 43% of the pie a year later. This is due to competition from other coins like Ethereum, but also the coins that were created with Ethereum itself. These new entrants captured the imagination of investors (and their money) in2017, managing in many ways to steal bitcoins thunder. Those crypto investors who resisted cognitive dissonance and held onto their coins for the entirety of 2017sawsome serious returns whenever they determine it was appropriate to realize their gains.Holding a single bitcoin from January through December 2017 correspondedto unrealized gains of around $13,500 at the time of this writing, while the same feat for one Ethereum rewarded around $750. Given this information alone, most would consider bitcoin the better investment, but not when theyre supplied with the starting price of each coin. Ethereums January 2017 price of around $7 means that it gained an astounding 10,000% in 2017. The star of the show, bitcoin, began the year at about $800 and managed to add about 1,500% to its price. "Ethereum has huge potential, 2017 was the year of ERC-20 tokens, but Ethereum has a lot more Continue reading >>

Ethereum Price Falls To 12-month Low As Altcoins Suffer

Ethereum Price Falls To 12-month Low As Altcoins Suffer

Ethereum Price Falls to 12-Month Low as Altcoins Suffer Ethereums price fell to a 12-month low of $228.8 today, falling below the $255.05 of Sept. 17, 2017, fulfilling expectations of those who have predicted a weakening of support that ICOs have bestowed on the second largest cryptocurrency since early last year. Ethereums price has been on a roller coaster since it began climbing above the $20 range in March of 2017. The price reached $1,377.72 on Jan. 13, 2018, according to Coinmarketcap.com, riding the cryptocurrency market growth at the time. Some analysts credited a surge to ICOs on the Ethereum blockchain. After January, the price fell, hitting $386.59 on April 7, 2018, then rose to $830.02 on May 5 before falling to its current low. The price began the current year in the upper $200 range, reaching $283.29 on Sept. 10, 2017. On Aug. 16, Ethereum moved from $250 to $280 following a 20% drop on Aug. 14 as the crypto market posted a recovery from bitcoins drop below the $6,000 mark on Aug. 14. That corrective rally did not continue, however. The mid-August rally occurred in tandem with $120 million worth of tether tokens, signaling an influx of capital. Ethereums recent fall has wiped out most of the gains it made in its share of the cryptocurrency market resulting from bitcoins decline this year. On June 19, 2018, Ethereum accounted for its largest share ever of the total cryptocurrency market, holding 30.63% of the market to bitcoins 37.82%, according to coinmarketcap.com. As of Sept. 5, Ethereums share had fallen to 11.48% to bitcoins 54.99%. Arthur Hayes, CEO of BitMEX, postulated in mid-August that Ethereums price was being supported by the ICOs that occurred starting in early 2017. Hayes said the ICO investments come from VCs that will dump their Ether in re Continue reading >>

Ethereum Price Prediction 2018 [updated] Eth May Go 3x Despite The Recent Decline Wed, Oct 10, 2018

Ethereum Price Prediction 2018 [updated] Eth May Go 3x Despite The Recent Decline Wed, Oct 10, 2018

Read more: 2 Major Reasons Behind Ethereum's Dramatic Decline As of today - 10 October 2018, ETH coin price stands at $226.6 USD. Ethereum is one of the top cryptocurrency with Bitcoin, Ripple, and Litecoin. Currently, ETH price isdown 0.1% today.The whole global crypto market is stable in the first week of October. The market was on panic selling mode and the price of most of the crypto assets has suffered from this last month. ETH is a fundamentally strong coin and once this tremor goes off the ETH price should see a trend reversal. Let's get to know more about Ethereum and its price prediction. Ethereum, introduced by Vitalik Buterin has drawn a lot of attention from the crypto enthusiasts, for securing the second position with the largest market capitalization. Ethereum, as a platform, enables dozens of cryptocurrencies to exist, without having to build their own blockchain technology. Ethereum enables developers to build smart contracts, that automatically execute tasks when certain stated conditions are met. Ethereum has two main functions: keeping things running smoothly by compensating the mining nodes and pay people under smart contracts platform. Market prediction for Ethereum price 2018 With the market being so volatile and the sudden downfall of ether, predicting the price of the cryptocurrencies is not an easy task. Lets consider the eminent publications and personalities, and their statement regarding the Ethereum (ETH) price prediction, which will give us a fairer idea: Initial Coin Offering using the Ethereum blockchain are seeing as one of the main catalysts for sending Ether's price surge last year. Now they are being blamed for its decline. With the cryptocurrency market capitalization dropping to about $200 billion from a high of over $800 billion i Continue reading >>

Ethereums Falling Price Splits The Crypto Community

Ethereums Falling Price Splits The Crypto Community

Hello And Welcome Back To The Latest Edition Of All The Cryptos Are Getting Rekt Right Now. Crypto bloodbaths have become fairly common in 2018 mainly becauseof the insane growth in 2017 but weve not covered them all because they are so numerous and often include so-called flash crashes or small drops, but the fall happening today is worth noting for several wider reasons. Primarily thats because this is a major test for Ether the token associated with the Ethereum Foundation that isthe second largest cryptocurrency by volume has been on a downward spiral with little sign of change. Ether, which is the preferred platform of choice for most developers building on the blockchain, is down nearly 17 percent over the past day. Thats erased billions of dollars in paper (crypto) value as the bear market for cryptocurrencies continues to pull markets south. The drop also marks the first time ever that the price of an Ether has fallen below its valuation over one year: one Ether is worth $266 right now at the time of writing, versus$304 on August 14 2017. The token has been steadily falling since earlyMay, when its peak value was $808, and as the lynchpin for many ICO project tokens, its demise has sent the value of most other tokens down, too. Just looking at Coinmarketcap.com this morning, all but two of the top 100 tokens are down over the last 24 hours with many losing 10-25 percent of their value over the past day. Bitcoin, too, has dropped below $6,000, having topped $8,000 for a time last month . Ethers plummet below $300 has sparked a mixed debate among those in the crypto community. The token had been held as visionary, an improvement on Bitcoin that gives developers a platform to build on whether it be decentralized apps, decentralized systems or more but that hasnt b Continue reading >>

Ethereum Leads Market Crash Price Drops Below 2017 Equivalent

Ethereum Leads Market Crash Price Drops Below 2017 Equivalent

Ethereum Leads Market Crash Price Drops Below 2017 Equivalent The cryptocurrency market bloodbath in 2018 doesnt seem to be slowing down. After losing over one-fifth of its market capitalization last week , the crypto market took another nosedive, with Ethereum in the lead, this time dropping past the $200 billion mark. In less than 24 hours, the total market cap of all cryptocurrencies shed nearly $30 billion or over 13% of its value, resulting in a sea of red in the streets of CryptoVille. Ethereum, the second largest cryptocurrency by market cap, was the first to go down. Just when its price started showing signs of stabilizing yesterday, it started plunging this morning going from $328 to $258 a 21.3% fall. This drastic decline also means that Ethereums price is now lower than its valuation last year which was nearly $300, as shown in the graph below. This is the first time that the price of one Ether has decreased over the last 12 months. In the last 7 days only, Ethereums market cap went from $41 billion to $25 billion nearly a 40% decrease. Since the Ethereum platform is the birthplace to various altcoins like EOS, Augur, and Binance Coin, its demise inadvertently led to the downfall of various other tokens as well. The top 10 cryptocurrencies by market cap spare Tether and Bitcoin all suffered double-digit losses, with Cardano taking the brunt of the impact, losing nearly 20% of its valuation in the last 24 hours. As various altcoins stumble , Bitcoins dominance in the cryptocurrency market approached a 2018-high at the time of writing, the valuation of Bitcoin alone is worth 54.5% of the entire cryptocurrency market. During last weeks crash, Bitcoin, the pioneer cryptocurrency that is also the biggest cryptocurrency by market cap, was one of the first coins to Continue reading >>

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