Ethereum's price slipped below $200 for the first time since May 30, continuing its fall for a second consecutive session on Tuesday.
In the afternoon trade, one ether token hit an inter-day low of $192.22, according to industry and price tracking website Coinmarketcap, which takes into account the price on several exchanges.
The cryptocurrency has now fallen more than 50 percent since registering all-time highs of over $400 in early June.
The slip in ethereum's value coincides with a broader sell-off in the global cryptocurrency markets. However, despite the declines, the price of ether remains substantially higher over the course of the year. Ethereum has risen more than 2,000 percent from around $8 at the beginning of January.
The cryptocurrency saw significant fluctuations throughout the trading session on Tuesday, recovering from heavy losses in early morning deals to trade 11 percent lower at $198.14 shortly before 4 p.m. London time.
Wow this reads like a news story!
That's because it was cut and pasted with no citation:
http://www.cnbc.com/2017/07/11/ethereum-price-crash-continues-bitcoin-moves-higher-cryptocurrency.html?view=story&%24DEVICE%24=native-android-mobile&trk=mostpopular%3A4%3A104239788
Thank you @jerrybanfield
spot on Jerry... @ronald20 well scripted, how did you create that so quickly?
That's because it was cut and pasted with no citation:
http://www.cnbc.com/2017/07/11/ethereum-price-crash-continues-bitcoin-moves-higher-cryptocurrency.html?view=story&%24DEVICE%24=native-android-mobile&trk=mostpopular%3A4%3A104239788
Huge issue for Steemit in my opinion. The copy/ paste era of fake/pirated news will erode good things from the inside out.
It was honestly very obvious, I knew a google search would spit out an exact copy. As Jerry inadvertently noted, it read just like news written by a copy editor or program.
Cheetah is a bot doing great work on this front, you might want to check the project out. Detects plagiarized original posts (maybe not comments), then pastes a comment with link to original in a non-confrontational manner.
Yeah, I know and love that bot, but can't help with comments. There's never a blanket solution for these things.
you might wanna revert you vote since @lexiconical pointed out, this is a copy/paste of an article with no citation