Ethereum Falls to a New Low, Bitcoin Breaks Below $8,000 – Trustnodes

Ethereum Falls to a New Low, Bitcoin Breaks Below $8,000

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Ethereum’s price has fallen to the lowest level in months, below the recent brief low in February to a new low of around $550 at the time of writing.

The currency is down another 10%, falling today by $50 from $600 to $550, significantly lower than its all time high of $1,400.

While its trading volumes now stand at near $1 billion, led by OKex and the BTC pair, with Bithumb no where in sight.

Ethereum’s recent price action on daily candles.

Bitcoin, in turn, has once again fallen below $8,000, but somewhat standing above its recent low of $6,000.

Its trading volumes, however, are down too, to just around 10% of their highs in December now standing at $4 billion. Led by Bitfinex, with OKex’s USDT pair following.

Bitcoin’s recent price action on daily candles.

The story repeats across the board. Everything is down around 10%, with some coins or tokens falling another 20%.

Global crypto trading volumes have reached another low at around $10 billion, with a bear market so seemingly continuing.

 

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