{"id":414,"date":"2018-08-14T08:27:49","date_gmt":"2018-08-14T12:27:49","guid":{"rendered":"https:\/\/coinfomania.com\/?p=414"},"modified":"2024-04-20T07:47:31","modified_gmt":"2024-04-20T06:47:31","slug":"ethereum-hits-9-month-low-as-bitcoin-defends-6000","status":"publish","type":"post","link":"https:\/\/coinfomania.com\/ethereum-hits-9-month-low-as-bitcoin-defends-6000\/","title":{"rendered":"Ethereum (ETH) Hits 9 Month Low as Bitcoin Defends $6000"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Signs of a crypto market recovery in the past week is quickly fading away after the world&#8217;s second most valued cryptocurrency slipped below $300 today. At press time Ethereum was valued at $260, a massive 17% decline according to <\/span><a href=\"https:\/\/coin360.io\/\"><span style=\"font-weight: 400;\">Coin360<\/span><\/a><span style=\"font-weight: 400;\"> stats.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Coin360.io: Cryptocurrency Market State\" src=\"https:\/\/coin360.io\/widget\/map.html\" width=\"800\" height=\"300\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">Within the last three hours up to press time, Ether has struggled to find its way past the $300 mark which it defended very well on the previous trading day. As also noticed in the charts, ETH&#8217;s decline is the second worst of the day among the top ten currencies in the crypto market, only 1.46% behind the ADA coin which slipped by a massive 18.83%. Market cap for the Ethereum at press time was $26.8 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While recent <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-13\/ether-tumbles-as-concern-increases-that-icos-are-cashing-out?srnd=cryptocurriences\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Bloomberg reports<\/span><\/a><span style=\"font-weight: 400;\"> say that &#8220;ICOs cashing out of the network&#8221; is responsible for the massive decline, one would have to go as far back as early November last year to find ETH below 300.<\/span><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/x\/KlIyaRK0\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/KlIyaRK0\/\" width=\"680\" height=\"396\" \/><\/a><\/p>\n<h3><span style=\"font-weight: 400;\">Bitcoin Defends $6000<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The top cryptocurrency is now back to where it was in the past month as it continues to record drops following the <\/span><span style=\"font-weight: 400;\">announcement of an ETF<\/span><span style=\"font-weight: 400;\"> delay late last week.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Trading data within the last two hours show that BTC prices have not gone beyond $5971. At press time the bitcoin price was $6006 while the coin recorded a 54.1 dominance with a market cap of $103.8 billion.<\/span><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/x\/oY5TkB2M\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/oY5TkB2M\/\" width=\"711\" height=\"448\" \/><\/a><\/p>\n<p>In summary, the total cryptocurrencies market cap at press time is 192 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Signs of a crypto market recovery in the past week is quickly fading away after the world&#8217;s second most valued [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85,1148],"tags":[54,334,51,155],"ppma_author":[1762],"class_list":["post-414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-ethereum-price-analysis","tag-bitcoin","tag-crypto-market-watch","tag-cryptocurrencies","tag-ether-eth"],"acf":[],"authors":[{"term_id":1762,"user_id":2,"is_guest":0,"slug":"wilfredmichael","display_name":"Wilfred Michael","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/32392456f696437d60176fce03835647?s=96&r=g","first_name":"Wilfred","twitter":"https:\/\/www.twitter.com\/cryptowilfred","instagram":"","linkedin":"https:\/\/linkedin.com\/in\/wilfredmichael\/","user_url":"https:\/\/coinfomania.com","last_name":"Michael","facebook":"https:\/\/www.facebook.com\/wilfred.michael.568","description":""}],"_links":{"self":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/414"}],"collection":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/comments?post=414"}],"version-history":[{"count":1,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/414\/revisions"}],"predecessor-version":[{"id":305845,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/414\/revisions\/305845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media\/6515"}],"wp:attachment":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media?parent=414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/categories?post=414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/tags?post=414"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/ppma_author?post=414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}