Ethereum heads for seventh monthly loss in row

Ethereum fell over $4 on Friday for another session on track for the seventh monthly loss in a row, the longest such streak of losses ever amid a mass investor exodus from the market. 

At Bitstamp, Ethereum rose $5, or 4.3% to $111, with a session-high at $119, and a low at $108. 

Ethereum tumbled 4.9% on Thursday, the first loss in three days as recovery efforts from 16-month lows cease. 

Market value of cryptocurrencies fell $7 billion on Friday to a total of $129 billion. 

Ethereum tumbled 43.5% in November, heading for the seventh monthly loss in a row. 

Ethereum's market value fell $9 billion this month to $11 billion, losing its status as the world's second biggest cryptocurrency to Ripple.

Cryptocurrencies are experiencing a rapid exodus of cash and investments, instigated partly by uncertainty surrounding Bitcoin Cash, which led the decline this month. 

Bloomberg recently reported the US Justice Department is currently investigating in potential price manipulation for cryptocurrencies, which would've led the spike last year.