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Ethereum plunges more than 10% as flash crash refund fails to restore confidence in bitcoin rival
Ethereum is still up by 2,700 percent this year.
In contrast, bitcoin has climbed a less stellar 150-plus percent.
High demand for ethereum and a flash crash on one exchange last week worried investors about its growing pains.
Here's what sets Ethereum apart from its rival Bitcoin Here's what sets Ethereum apart from its rival Bitcoin
Friday, 23 Jun 2017 | 9:48 AM ET | 02:21
Bitcoin rival ethereum dropped Monday despite a major exchange's efforts to shore up confidence by announcing a credit for customers who lost money during last week's flash crash.
Ethereum, also known as ether, traded 11 percent lower Monday morning, near $268, according to CoinDesk.
Last Wednesday, ethereum briefly plunged in a flash crash from above $300 to 10 cents on Coinbase's GDAX exchange. On Friday, the exchange said it would credit customers who "experienced a margin call or stop loss order" on GDAX during the flash crash.
Ethereum three-month performance
Here's what sets Ethereum apart from its rival Bitcoin Here's what sets Ethereum apart from its rival Bitcoin
Friday, 23 Jun 2017 | 9:48 AM ET | 02:21
Bitcoin rival ethereum dropped Monday despite a major exchange's efforts to shore up confidence by announcing a credit for customers who lost money during last week's flash crash.
Ethereum, also known as ether, traded 11 percent lower Monday morning, near $268, according to CoinDesk.
Last Wednesday, ethereum briefly plunged in a flash crash from above $300 to 10 cents on Coinbase's GDAX exchange. On Friday, the exchange said it would credit customers who "experienced a margin call or stop loss order" on GDAX during the flash crash.
