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Why Ethereum (ETH) Fell 11.3% This Week
The Ethereum cryptocurrency fell 11.3% since last Friday's closing bell, according to data from S&P Global Market Intelligence. This drop, recorded at 12:20 p.m. ET on Sept. 26, also dropped other Ethereum-based assets such as the iShares Ethereum Trust exchange-traded fund (ETF) and the Wrapped Ethereum ERC-20 token by an identical amount. This week's price drops on Ethereum and its tightly related alternatives came in two parts: a wave of profit-taking at the end of last weekend, followed by a discouraging inflation report on Thursday. As a reminder, the iShares Ethereum ETF reflects Ethereum's price moves by ... (full story)
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