Why is Ethereum (ETH) price down today? By Cointelegraph
December 18, 2022
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© Reuters
Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates.
The Ether sell-off follows a market-wide decline that has sent network fees plummeting by 39.90% in the past 30-days.
Continue Reading on Coin Telegraph
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© Reuters
Ether (ETH) price is down on Dec. 16 and the pre-FOMC rally to $1,350 was obliterated after Federal Reserve chair Jerome Powell issued hawkish statements following a 0.50% hike in interest rates.
The Ether sell-off follows a market-wide decline that has sent network fees plummeting by 39.90% in the past 30-days.
Continue Reading on Coin Telegraph