Ether, the second-largest cryptocurrency, experienced a major drop in price due to concerns over a potential trade war. However, investors took advantage of the lower prices and bought up nearly $1 billion worth of ether. The crash also led to record trading volumes for Ether exchange-traded funds (ETFs), with BlackRock's iShares Ethereum Trust capturing the majority of the volume. Overall, sentiment remains bearish for ether, but a tweet from Eric Trump encouraging followers to buy ether caused a spike in price. At present, ether is trading at $2,780, up 3.5% from the previous day.



Other News from Today