A sell-off sent the ethereum price plunging below $300 on Monday, forcing the second-largest cryptocurrency to its lowest mark in more than nine months.
Ethereum had traded as high as $323 earlier in the day, but a flurry of sell orders began to pummel the market at approximately 15:00 UTC, driving ETH closer and closer to $300, a level it had not touched since 2017.
At 15:43, ETH closed just pennies above $300, and less than one minute later it fell below that mark on Bitfinex for the first time since Nov. 12. As of 16:45 UTC, the ethereum price had dropped to $293. Ethereum is now down seven percent for the day and more than 61 percent in 2018…
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