Amidst the market fall of the world’s top cryptocurrency, Ether prices slashed down by more than 11%, dripping below $200.
The Ethereum network cryptocurrency, Ether dropped to as low as $196, according to CoinDesk. The previous fall of the digital currency below $200 was on July 19, just a week back. Since the day’s opening of $223.23 a rough decline of 11.5% was seen as the currency valued at $197.35 by evening.
According to the data of site CoinMarketCap.com, all the top 10 currencies showed an average decline of 7% or greater. Bitcoin trading at $2,503 was down by 10%, as per the Bitcoin Price Index of CoinDesk. The market went further down to $2,487.13 after the day’s opening at $2,779.04. Other cryptocurrencies like NEM, Monero, and Stratis further saw a decline of around 12%, 13% and 23% respectively.
The decline brought the market down to $84.9bn from over $90bn market cap that reached the mark first time in weeks on Friday.