Ether Has Just Lost Half Of What It Got Last Week

There has been $30 decrease in the price of ether (ETH) which is the largest cryptocurrency of the world after bitcoin. The latest price of ETH is about $196 after $28 decrease that equals to 11 percent in the last 24 hours according to Ether Price Index (EPI).

The cryptocurrency hit its 12 months record and reached its highest daily trading volume with the interest of buyers. Last week there was a rally. The lowest price was $167 on 12th of September and it reached $228 in 3 days which equals to 35 percent increase. The 12-month high in ETH trading volume didn’t last much as it was sold much.

Six cryptocurrencis which are at the top 10 have decreased 6 percent since yesterday. These coins include bitcoin cash (BCH), litecoin (LTC), cardano (ADA) and monero (XMR). Moreover, there have been almost 12 percent decrease in the price of EOS, which makes it the most decreased cryptocurrency of the day.

Bitcoin (BTC), the most popular and largest cryptocurrency of the world has dropped 4 percent in the last 24 hours, which is said to be good when it is compared to previous days. So the latest price has been $6.223 which is close to the lowest price of the year, $5.800.

According to the progress, the prices of Bitcoin seems to decrease and if it goes on and surpasses the lowest price of the year, we can’t say good things about the market. It will be confirmed that bears are getting stronger in the market which has been bearish for a long time.

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