Ethereum sell-off resumes with ETH price risking another 25% decline in June
Cointelegraph
Published Jun 16, 2022 08:02AM ET
Updated Jun 16, 2022 03:40PM ET
Ethereum's native token Ether (ETH) slumped on June 16, suggesting that its relief rally coinciding with the Federal Reserve announcing it will hike the benchmark rate by 0.75%, is at risk.
Ether's price slipped by 9.2% to around $1,120 per token a day after it rebounded by 23% after dropping to almost $1,000, its worst level since January 2021.
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Written By: Cointelegraph
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