Two Reasons Why Ethereum Crashed 10% in a Matter of Minutes

Two Reasons Why Ethereum Crashed 10% in a Matter of Minutes

The second most popular digital asset by market capitalisation led a crypto industry wide plunge in prices today. Ether (ETH), the native cryptocurrency on the Ethereum network, fell by around 10 percent in just a matter of minutes.

The market wide dump follows a Chainalysis report referenced by Bloomberg earlier today. It claims that PlusToken, a multi-billion-dollar Chinese Ponzi scheme, has…

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