Under $300: Ether Price Hits New Low for 2018

The total market capitalization of all cryptocurrencies is down almost $15 billion from its everyday high of about $219.4 billion and is currently sitting in just above $205 billion, CoinMarketCap statistics shows.

The cryptocurrency is one of numerous networks to see diminishing worth throughout the Monday session. Well-known cryptos such as EOS, bitcoin money and cardano have all seen 24-hour losses in excess of 5%.

Disclosure: The writer holds BTC, AST, REQ, OMG, FUEL, 1st, and AMP in the time of writing.

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Ether, the world’s largest cryptocurrency by market capitalization, fell to the lowest cost of 2018 on Monday.
At this time, ETH is the biggest failure among the top 10 cryptocurrencies by market capitalization and is currently reporting a 7-day loss of 28.33 percent, according to data in CoinMarketCap. Its personal market capitalization also fell by over $10 billion within that period.

ETH was seen trading for an average cost of 289.16, signaling a roughly 9.6 percent decrease because the day’s open.

At 16:50 UTC during Monday’s trading session, the cryptocurrency fell under $300 dollars for the first time since November 12, 2017, according to CoinDesk’s Ethereum Price Index (EPI). 
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ETH has effectively erased 100 percent of its year-on-year growth and is down 78% from its all-time high of $1,337. Based on CoinDesk price data, ether was trading at $289.96 just 1 year ago