Ethereum, Ethereum Classic and Monero Crash as Bitcoin Surges
As Bitcoin price continues to enjoy an upward thrust, Ethereum, Ethereum Classic and Monero continue to struggle. Read more…
Bitcoin is heading towards clear blue skies. A 12.5 percent appreciation of the digital asset over a period of one week is no joke. While it is good news for Bitcoin, the same can’t be said for other promising cryptocurrencies.
Ethereum has been having its fair share of problems even before the increase of Bitcoin price. Under sustained attack, transactions on the Ethereum network almost came to a standstill, with each transaction taking hours if not days for execution. The cryptocurrency, opening at over $13 at the beginning of this month fell over a period of time following a couple of surges in between to hit a low of $10. The value of Ethereum in the past one week alone has fallen by 14 percent.
This post was published at NewsBTC on October 30th, 2016.