The world’s second-largest crypto asset has tanked a whopping 23% in less than 24 hours, despite the launch of America’s first spot Ethereum exchange-traded funds last month.
It is the lowest price ETH has seen since early January, and it is the worst-performing asset in the crypto top 15 by market cap.Ethereum has lost 30% over the past week. It fell off a cliff in August and is back down more than 50% from its all-time high.to Coinglass, there have been $676 million in crypto liquidations over the past 12 hours, the majority in ETH long positions.
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