Sudden Drop In Ethereum

A whopping 50% drop on Ethereum from 220 USD to 110 USD according to Coinmarket Cap. The situation of the second largest cryptocurrency (Ethereum) situation is even worst than Bitcoin. Bitcoin drops off the clip by almost 40%. A few hundred of millions evaporate on the cryptomarket. What truly “affects” the price of these two crypto prices? Would it be the second outbreak of coronavirus or the drop in oil price? Or it is just another pumping and dumping technique.

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