The price of Ethereum has fallen below $2,000 for the first time since April 7. The cryptocurrency’s price is now under half of Ethereum’s all-time high of $4,165 on May 12—just eleven days ago.
The market cap of Ethereum has halved accordingly, from highs of about half a trillion dollars on May 12 to current levels of about $230 trillion.
Ethereum has fallen about 18% in the past day and 45% in the past week. This is far more than Bitcoin, the largest cryptocurrency by market cap that is currently worth about $35,000; Bitcoin has fallen by about 5.5% in the past 24 hours and about 30% in the past week.
Ethereum’s latest dip follows a fortnight of tough news for the crypto market. Elon Musk kicked things off on May 12—the day of Ethereum’s all-time high—when he announced that Tesla would no longer accept Bitcoin, citing environmental concerns.
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Ethereum uses the same energy-intensive proof-of-work min
Źródło: https://decrypt.co/71744/ethereum-sinks-below-2000-amid-latest-crypto-crash
