Ethereum Price Seemingly Heads to Sub-$400 as Bears Scare off Bulls

Even though all cryptocurrency markets are suffering from bearish momentum, some worrisome trends are emerging. The Ethereum price, for example, has lost nearly 20% in value over the past 24 hours. Such a steep loss is not entirely surprising, given Bitcoin’s downtrend, yet it seems Ethereum’s reign of being the second-largest cryptocurrency may come to an end pretty soon.


Even though the year 2017 has created a very bullish Ethereum price scenario, it seems most of those gains are being wiped out as we speak. Whereas one Ether was almost worth $1,400 just a few months ago, it is not losing value quicker than virtually any other coin on the market. All of this further confirms the “flippening” will not happen anytime soon.

Ever since January 15th has come around, we have seen the Ethereum price dip lower and lower nearly every week. This past week has been extremely bearish for al cryptocurrency markets, effectively pushing the Ethereum price down from $725 to $466. Whether or not that latter value is the new bottom, remains to be seen, but right now, it seems things will only get worse from here on out


Bitcoin bounces $700 in less than three hours, capping wild weekend that brought it below $7,400

  • Bitcoin dropped nearly 7 percent towards $7,000 Sunday following reports that Twitter will follow Google and Facebook’s lead in banning cryptocurrency ads.
  • It then recovered, rallying $700 in less than three hours Sunday evening.
  • Twitter is reportedly preparing to ban advertising for cryptocurrencies, according to Sky News.
  • The reported move would follow similar bans from tech giants Google and Facebook.

Bitcoin prices rallied back by more than $700 in less than three hours during late Sunday trading, capping off a wild weekend that saw the digital currency plunge through $8,000 and even near the $7,000 level.

Prices are still off by 15 percent in the last 7 days, according to Coinbase.

Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin.