The price of Ethereum (ETH/EUR) today is €502.30 EUR with a total market cap of €49,684,214,413.
Ethereum appears to be entering what some are now calling a crypto-recession with prices reflecting a decline in onchain transactions that has not been seen since the Bitcoin bubble of January 2014.
The start of 2018 has been nothing but upsetting or cryptocurrency investors and simply traumatic for those that decided to take the plunge in December/January. When will this bear market end and the bull run begin?
The long-term investor would consider the cryptocurrency market to be in its infancy. Unregulated and with very little institutional appeal, the demand for low-cost, cross-border, immutable and programmable money is only just beginning.
As the market tumbles from its all-time high, many investors are asking the question, "is cryptocurrency dead?".
Cryptocurrencies are reeling from the latest market-wide crash. The fundamentals remain unchanged but the price of Ethereum has fallen from a high of $1,422.47 to a current price of $906.43.