Ether Prices Fall Below $190 Amid Broader Crypto Price Decline
Ether prices have fallen below $190 across the world's digital currency exchange, according to market data.
Jul 14, 2017 at 5:01 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/EF2BZTCKERFGXPKIUFAXCYCBIE.jpg)
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
Ether prices fell below $190 today amid a wider drop in cryptocurrency markets.
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.
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)