Markets Insider
- Ethereum is trading down 18.94% on Wednesday morning amid an onslaught of selling in many major cryptocurrencies.
- Ethereum has lost over 35% of its value from its peak, and is currently trading at $863.29.
- The top cryptocurrencies have followed suit, seeing some of their values decline by half from recent record highs. Bitcoin was down 11.66% on Wednesday, while Litecoin fell by 14.93% and ripple's XRP was down 11.61%.
- Many crypto markets were alarmed on Tuesday by news of a proposed bill that aimed to shut down crypto markets in South Korea. The bill threatens a key market, since South Korean traders are big buyers of cryptocurrencies.
- Bitcoin, the cryptocurrency known as "digital gold," fell below $10,000 on Wednesday, a milestone it had crossed in November. A few weeks ago, it almost hit $19,000.
- Watch Ethereum trade in real time on Markets Insider.
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See Also:
- Here's how the brutal crypto sell-off has affected the market beyond bitcoin
- Ripple's XRP is the hot new cryptocurrency — here's how you buy it
- Bitcoin can become a legit global currency — in theory, Goldman says
SEE ALSO: A popular bitcoin stock announced a 91-for-1 split that could make it more accessible to the masses
