The price of Ethereum has dropped to a new low of $110.37 before stabilizing at lower ground. The plunge sets a new low for 2019, the lowest price since December 22nd.
ETH/USD is down from a daily high of $117.48, falling around 5% as the choppy move continues.
Other cryptocurrencies are dropping as well. Bitcoin fell below the $3,500 mark. Ripple slipped to the $0.30 handle.
There is no immediate fundamental trigger for the rapid move which is gradually reversing. Volatility in crypto markets has been meager in recent days but seems to be rising now.
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