Ethereum [ETH], the third-largest cryptocurrency by market cap, witnessed a massive drop in its value earlier today, along with all the other major cryptocurrencies. The bear’s return was unexpected by the investors, especially with the upcoming upgrade. Also, the coin lost its position to XRP in terms of market cap again within a fraction of minutes.
According to CoinMarketCap, at press time, Ethereum was trading at $128, with a market cap of $13.35 billion. The cryptocurrency has a trading volume of $2.55 billion and has plunged by over 19% in the past seven days.
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