Cryptocurrencies
Ether Rebound Helps to Ease Pain of Cryptocurrency Diehards
- Digital currency jumps as much as 14 percent after plunge
- Token has tumbled 85 percent since January all-time high
This article is for subscribers only.
Ether’s free fall has stopped -- at least for a day.
The second-biggest cryptocurrency surged as much as 14 percent to $206 as of 10:05 a.m. in New York. Ether had crashed 85 percent this year, raising concerns about its viability after an eye-popping rally took if from less than $10 at the start of 2017 to as high as $1,300 in January, according to CoinMarketCap.