The price of Ethereum (ETH/INR) today is $37,269.65 INR with a total market cap of $3,664,158,699,369.
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.
The cryptocurrency market has taken a hit whilst the price of Ethereum reached a new all time high of $1,384.99 on January 10th. The prospect of Ethereum supplanting Bitcoin at the top spot seems more real than ever.