Ethereum plunges below $112, new 2019 low, on a broad crypto sell-off

Yohay Elam FXStreet

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.

More: Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Good things happen to those who wait

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.