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Ethereum nosedives by 20% to 7-week low amid worries about rival bitcoin’s future

July 17, 2017

Via: CNBC

Prices of digital currency ethereum plunged more than 20 percent Sunday morning, amid concerns about the recent price surge and the future of bitcoin.

Ethereum hit a low of $130.26 around 9 a.m., ET, down 22 percent from Saturday night’s prices and the lowest since May 27, according to TradingView charts of Coinbase data. As of midday Sunday, ethereum traded near $159, down about 60 percent from a record $420 hit on June 12, but still up about 1,800 percent year-to-date.

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