Ethereum price plunges to $0.10 before bouncing back

Ethereum has redefined volatility in the cryptocurrency market. On the GDAX exchange, the second most valuable cryptocurrency dropped to as low as $0.10 in trading before the price swiftly recovered. The price of Ethereum is hovering around the $336 mark at the time of writing this article. What caused the plunge? GDAX blames it on a basic sell order, albeit one of really high value. "On 21 June 2017 at 12:30pm PT, a multimillion dollar market sell was placed on the GDAX ETH-USD order book. This resulted in orders being filled from $317.81 to $224.48, translating into a book slippage of… [Continue Reading]