Ethereum falls to $141 as Bitcoin's RSK gains popularity

7/16/2017, 1:28 PM
Ethereum falls to $141 as Bitcoin's RSK gains popularity

Ethereum fell to a daily low of $141.07 on Sunday as investors turned to Bitcoin's evolving RSK update that will enable smart contracts on the platform.

Bitcoin's biggest rival reached May 27 lows as it is facing a correction period after it hit an all-time high of $404.98 on June 12. The cryptocurrency dropped 14.32% t $144.45 at 1:33 pm CET.

Investors will be watching the cryptocurrency market closely over the next couple of weeks as Bitcoin is facing crucial updates that will determine its future and could see the size of a single block double, meaning faster transactions would be possible. 

 

TeleTrader Newsroom / VP

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