The mid-afternoon dip has erased 6% from crypto’s market capitalization. The price of Ethereum has fallen by 8% in the past 24 hours, according to data from metrics site Nomics.
Ethereum’s price started to drop from 6 am UTC, when it sank, steadily but almost without reprieve, from $2,548 to its current price of $2,374. Ethereum’s market cap is now $274 billion.
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