Despite This week on the stock exchanges, spot ETF trading on Ethereum, the second-largest cryptocurrency, faced a record daily price drop of 7% on Thursday, marking its largest decline in the past three months. The current price of Ethereum stands at $3182.
Meanwhile, Bitcoin's price fell by 2% to $64,000. According to , over the past 12 hours, the digital asset market shrank by more than $250 million, with total losses nearing $300 million for the day.
As noted by the agency , shares of many companies worldwide have dropped in recent weeks, particularly those of technology companies and risk assets, whose rises and falls often coincide with cryptocurrency movements.
According to a report , the decline in the cryptocurrency market coincided with a downturn in the US stock market on Wednesday, which the agency called the worst day since 2022, attributing the situation to a decrease in investor enthusiasm regarding the prospects of artificial intelligence technologies and their return on investment.
It is reported that the NASDAQ technology index fell by 3.6% to 17,342 points, its lowest level since 2022. The NASDAQ 100 American stock index, which includes shares of the 100 most valuable companies on the exchange, lost over $1 trillion in a day, while the total market capitalization of the seven leading technology companies decreased by $760 billion in just one day.
Following their lead, shares of companies related to cryptocurrency, such as mining firms, fell on Thursday. The Coinbase exchange lost 2.3% of its value, while Riot Platforms and Marathon Digital saw losses of 3.4 to 4%.
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Source: 3dnews.ru
