The crypto market cap fell by 7.32% on Thursday, dragging down ETH prices in the process.
The Ethereum to USD exchange rate fell 8.46% in the last 24 hours.
Some traders turned bearish on rumors that China would extend its ban on cryptocurrency exchanges to cryptocurrency mining as well. Doing so would devastate the network support for Bitcoin, Ethereum, and so many other blockchains.
However, these rumors are less convincing than the ones.
The post Daily Ethereum Price Forecast and Analysis – Rumors of China’s Crypto Mining Ban appeared first on Profit Confidential.
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Daily Ethereum Price Forecast and Analysis – Rumors of China’s Crypto Mining Ban
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