Ethereum continues to fall as crypto prices turn mixed
Cryptocurrency prices were mixed on Tuesday with bitcoin moving a little higher, but ethereum continued to fall as data showed falling levels of initial coin offering (ICO) activity.
Ethereum fell only modestly on Tuesday, but is now down 33% since the start of November. That follows August’s 32% fall.
Data, first published by Autonomous Research on Monday, showed that ICO activity fell dramatically in August following a stuttering, but steady decline since January.
The Ethereum Foundation’s blockchain has launched more than half of all ICOs in 2018, and the declines in cash raised in ICO launches since January has been cited as one reason why its token has fallen sharply.
Here’s a round-up of the price moves in the top 10 cryptocurrencies at 11am on Tuesday [London time]:
- Bitcoin +0.6% at $6,335
- Ethereum -1.1% at $194.14
- Ripple -2.1% at $0.27
- Bitcoin cash -1.7% at $470.71
- Eos -0.7% at $5
- Stellar lumens +1.4% at $0.19
- Litecoin +0.1% at $54.18
- Tether -0.2% at $1
- Cardano -3.9% at $0.07
- Monero +2.1% at $107.94