On Friday, ETH sank below $1,000 for the first time in a week amid the intensifying global cryptocurrency sell-off that transpired over the past couple of days. Its price even dropped to as low as $758 at one point, but it managed to bounce back to around $898, as of 2:30PM PST.
Now the question is whether this occurrence is a just temporary phenomenon or a sustained nosedive that’ll continue to wipe billions of dollars off the cryptocurrency market.
>> Bitcoin Price Analysis – Can BTC/USD Rebound?
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