Here’s what sets Ethereum apart from its rival Bitcoin Here’s what sets ethereum apart from its rival Bitcoin:
Bitcoin rival ethereum plunged Monday despite a major exchange’s efforts to shore up confidence by announcing a credit for customers who lost money during last week’s flash crash.
Ethereum, also known as ether, traded 20.9 percent lower at $239.63 Monday afternoon, according to CoinDesk.
Last Wednesday, ethereum briefly plunged in a flash crash from above $300 to 10 cents on Coinbase’s GDAX exchange. On Friday, the exchange said it would credit customers who “experienced a margin call or stop loss order” on GDAX during the flash crash.
GDAX reported Monday afternoon, ET, a temporary halt in trading for all products, which was resolved within an hour.