Below $300: Ether Price Hits New Low for 2018

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Ether, the world’s second-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Monday. At 16:50 UTC during Monday’s trading session, the cryptocurrency fell below $300 dollars for the first time since November 12, 2017, according to CoinDesk’s Ethereum Price Index (EPI).  ETH was last seen trading at an average price of $289.16, marking a roughly 9.6 percent decline since the day’s open. At press time, ETH is the biggest loser among the top 10 cryptocurrencies by market capitalization and is reporting a 7-day loss of 28.33 percent, according to data from CoinMarketCap. Its individual market capitalization also fell by more than $10 billion within that period. ETH has now effectively erased 100 percent of its year-on-year growth and is down 78% from its all-time high of $1,337. According to CoinDesk price data, ether was trading at $289.96 exactly one year ago The cryptocurrency is one