Ether, ADA Crypto Prices Hit Lowest Levels In Over 1 Year
Ethereum, the world's second-largest cryptocurrency by market capitalization, fell to the lowest level since September 2017 on Thursday.
Bitcoin prices had to overcome a large number of sell orders to break above $12,000.
CF Benchmarks will now update prices on crypto deposits at BlockFi every second, allowing the lender to hedge against sudden market moves.
Historically, the periods the MVRV ratio has dropped below 1.0 have been some of the best times to invest in BTC, according to Coin Metrics.
As bitcoin and ether prices fell below technically significant levels, some traders are citing fear emanating from a report about the alleged PlusToken Ponzi scheme as the reason for the plunge
The Matic Network cryptocurrency (MATIC) plunged significantly in the past 48 hours, erasing a four-week rally.