Here’s What’s Really Behind Ethereum’s 30% Drop
It seems like there’s always some new problem for Ethereum, doesn’t it?
Just last week, the crypto was trading around $3,600. But a couple nights ago, it dropped all the way down to around $2,680.
That’s a 30% drop … and Ethereum brought down the rest of the crypto world with it.
In today’s Market Insights video, Steve Fernandez and I discuss Ethereum’s recent troubles and what to expect for the cryptocurrency going forward.
(If you’d prefer to read a transcript, click here.)
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My career on Wall Street started while I was in college. I spent a summer interning for Merrill Lynch in the middle of the ‘90s bull market. I was fascinated with trading, and as a result, after college, I joined Salomon Brothers in the famed mortgage bond trading department. Later, I spent time at Citigroup working with credit derivatives. Eventually, I needed to walk away from the excess of Wall Street. That’s when I joined Banyan Hill in 2017. Now I help readers get ahead of the market and build their retirements.