Bitcoin, Ether Lead Digital Currency Slide From Highs
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Why Ethereum and Bitcoin Are So Popular Lately
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Bitcoin declined as much as 17 percent, while smaller competitor ether continued to slide after experiencing a “flash crash” last week, raising concern about mainstream acceptance of the digital currencies.
Bitcoin slumped to as low as $2,255.44 in intraday trading, the least since June 15. Ether, the virtual currency based on the ethereum blockchain, plunged 26 percent to $221.45, according to data compiled by Coindesk.com. And ripple, the third largest digital currency based on market cap, has dropped about 13 percent to around 26 cents, according to prices compiled by CoinMarketCap.com.