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What’s Next for Ethereum Following China’s Crypto Ban?
There’s never a dull moment in the cryptocurrency market. Just when it appeared to be snapping out of its recent bear market, disaster struck. Bitcoin (CCC:BTC-USD), Ethereum (CCC:ETH-USD) and others have traded sharply lower over the past two weeks. The price of ETH, which was trading above $3,900 in early September, has cratered nearly 30% and is trading near the $2,800 level. The heavy selling is largely the result of a one-two regulatory punch. Let’s take a look at what’s happening and how bad this may be for ETH and other cryptocurrencies. U.S. Regulators Take Unfriendly Stance Toward Crypto In the United ... (full story)
