Ethereum near a 12-month low
Ethereum is crumbling.
The second-largest cryptocurrency, which is often used in ICOs, is down nearly 15% today
The plunge breaks the August low of $250 and takes it back to where it was last September. It's now down 82% from its highs.
The low in September 2017 was $201 and that's going to be the big number to watch now.
The market cap of Ethereum is now $25 billion, down from $142 billion at the peak.
Bitcoin is holding up ok today, down 5% but the broader market is getting slammed:
- Ripple -12%
- Bitcoin cash -15%
- EOS -15%
What a bloodbath.
