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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.
Ether prices fell below $190 today amid a wider drop in cryptocurrency markets.
The price slipped to about $183 as of press time, per CoinDesk data, a decline of roughly 13% since it opened the day at $210.81.
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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.
Stan Higgins
A member of CoinDesk's full-time Editorial Staff since 2014, Stan has long been at the forefront of covering emerging developments in blockchain technology. Stan has previously contributed to financial websites, and is an avid reader of poetry. Stan currently owns a small amount (<$500) worth of BTC, ENG and XTZ (See: Editorial Policy).
