Ethereum continues to fall as crypto prices turn mixed

September 11, 2018
Chris Wheal

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.

Cryptocurrency prices have stablised in the last 24 hours

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.

Price round-up

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

 

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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