Ethereum dips 3% as cryptocurrencies head south
2018-02-13 13:58:58 GMT (Economies.com)
Ethereum dips 3% as cryptocurrencies head south

Ethereum lost 3% on Tuesday as most cryptocurrencies dip due to lower European demand after EU warnings, while Thailand outright banned cryptocurrency trading. 

 

At Bitstamp, ethereum fell $31, or 3.5% to $835 from the opening of $866, with an intraday high at $869, and a low at $819. 

 

Ethereum rose 7% on Monday, the first profit in three days, with while the market value of cryptocurrencies rose earlier this week to $458 billion, the highest since February 2, before sliding back to $422 on Tuesday, down $13. 

 

As cryptocurrencies recovered en masse since last week, their market value hovered around $400, still half their record high of $830 hit last January. 

 

Ethereum's network is adding two new standards to identify users, in a new development in the Blockchain technology to provide sharply increased security and stamp out money laundering operations. 

 

News report indicated that Beijing authorities are readying for a new bout of tightening regulations on cryptocurrency trading. 

 

Otherwise, European Union regulations warned that cryptocurrencies are unsuitable investments, describing them as extremely risky and volatile. 

 

Earlier this week, Thailand's central bank banned banks and financial institutions from trading or investing into cryptocurrencies, dealing a medium-size blow to cryptocurrencies' trading volumes.   

 
 
 
  Symbol Last Change Chg.%
1.1770
-0.0179
1.4964%
1.3470
-0.0073
0.5361%
16.439
-0.232
1.389%
71.355
0.805
1.141%
78.66
-0.64
0.81%
1292.495
-26.535
2.012%
 
 
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