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The incident took place at around 6 AM UTC. Since then, the price of Ethereum – the third largest cryptocurrency by market cap after Bitcoin and Ripple – has bounced back to an average trading rate of about $97.
Indeed, it only took moments before its value climbed back from $13 to $97.
For the record, it appears the anomaly solely affected the Ethereum price on Coinbase Pro’s USDC markets. For those unfamiliar, USDC is a dollar-pegged cryptocurrency, issued by fintech giant Circle (with some funding from mining
Read full article » https://thenextweb.com/hardfork/2018/12/06/coinbase-ethereum-price-collapse/
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