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Ether Prices Slides Down Below $190 During Wider Cryptocurrency Market Decline

Ether Prices Slides Down Below 190 During Wider Cryptocurrency Market Decline

Amid a significant drop in cryptocurrency markets, Ether prices fell below $190 on Friday. According to CoinDesk data, the currency dipped around 13% from the time it opened the day at $210.81 to about as low as $183.

South Korea based exchange, Bithumb, the world’s most voluminous exchange for the Ether is trading at $183.41, as per WorldCoinIndex.

Ether saw a drop of more than 50% from the $400 mark in early June to hit a 40-day low, operating at below $200, following which the move came after three days of Ether value fall.

As per the reports, it has been revealed that the collective market capitalization of all the cryptocurrencies has taken a flight downwards where the value came crashing down from $115bn last month to $80bn. A wider decline in cryptocurrency markets saw the drop in the Ether prices.

Bitcoin slipped down to $2,209.41 seeing a 6.5% decline from the opening the day at $2,364.55.