Crypto Update: Crimson tide
Another week of blood-red charts in the crypto space, particularly in Ethereum whose value fell by 24%. Ethereum is now below its November 2017 level, although current trading volumes are significantly higher.
Cryptocurrencies fell back to earth with a bang in the first months of this year, having enjoyed exponential growth in 2017. The situation remains fragile, given the outlook to increased regulation and social media advertising bans. That said, we can’t rule out the possibility of a comeback.
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