Ethereum recoups but still on track for third consecutive weekly losses

2018-10-12 13:14:24 GMT (Economies.com)
Ethereum recoups but still on track for third consecutive weekly losses

Ethereum rose over 3% on Friday away from four-week lows but still on track for the third weekly loss in a row after relinquishing $200, as most crypto assets face pressure following criticism and warnings by the IMF. 

 

At Bitstamp, Ethereum rose $6, or 3.2% to $194, with an intraday high at $197, and a low at $186. 

 

Ethereum fell 15.7% on Thursday, the third loss in a row, and the largest since September 5, marking four-week lows at $185. 

 

Market value of cryptocurrencies rose $2 billion on Friday to a total of $202 billion, after marking $196 billion earlier, the lowest since September 19. 

 

Ethereum is down 13.8% so far this week, heading for the third weekly loss in a row. 

 

Cryptocurrencies face a selloff under the pressure of new warnings by global financial institutions from the rapid growth in crypto assets. 

 

The International Monetary Fund warned that the growth in crypto assets could create new weak points in the international financial system. 

 
 
 
  Symbol Last Change Chg.%
1.1480
-0.0042
0.3619%
1.2996
-0.0076
0.5829%
14.768
0.136
0.926%
66.630
-2.651
3.826%
76.37
-3.46
4.33%
1232.220
5.515
0.450%
 
 
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