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The price of Ethereum has fallen below $ 100 for the first time since December 2018

Tether burned 740 million USDT while only

The price of Ether (ETH) – the original token of the Ethereum network, has dropped below the $ 100 mark by the end of Thursday according to UTC, or on the morning of March 13 according to Vietnam time.

Data from TradingView showed that ETH dropped to $ 90 on the cryptocurrency exchange Coinbase, $ 89.96 on Bitfinex, $ 88.2 on Bitstamp and $ 86.62 on Gemini.

ETH price chart. Source: TradingView
ETH price chart. Source: TradingView

According to historical price data published by CoinMarketCap as well as Etherscan, ETH prices have not traded below $ 100 since December 18, 2018.

The collapse of ETH is a sign that widespread chaos occurred in the cryptocurrency market on Friday. At the time of writing, following a strong sell-off, was a rally back to the three-digit level. According to TradingView, ETH is trading between $ 110 and $ 119 on major exchanges at the time of writing.

The price of Bitcoin (BTC) has also dropped below the $ 4,000 mark – an all-time low since December 2018, on a number of exchanges, including Coinbase, Bitstamp, Gemini, and OKCoin. The world's largest coin has rebounded from lows and is currently fluctuating in the range of $ 4,900 to $ 5,050.

According to data from Nic Carter – a Bitcoin startup investor and co-founder of CoinMetrics, the last day was the worst time in history, with Bitcoin closing down 40%, while ETH losing 43% after one day. , it is clear that this move has marked the most disappointing performance ever.

Nic Carter

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According to The Block
Translated by ToiYeuBitcoin

Nguyen Diep
My name is Nguyen Manh Cuong. I was born in a poor village in Ba Vi district, HA NOI province - windy and sunny land. Currently

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