9/12/2018, 2:12 PM (Source: TeleTrader)
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Ethereum slides to 14-month low, Bitcoin Cash down 4%

Cryptocurrencies continued their days-long slump on Wednesday, as Ethereum's value reached the lowest level since mid-July of last year, when it stood at little over $170. Meanwhile, Bitcoin Cash lost over 4% after hitting a 10-month low on Tuesday.

Yesterday, crypto investors digested news on a United States district judge ruling regarding the possibility of initial coin offerings (ICOs) being treated as securities under the US law. The ruling is set to go to the jury, which will make a final decision.

Ethereum fell 5.51% against the greenback, to go for $171.99 at 2:07 pm CET. Bitcoin Cash dropped 3.85%, selling for $418.34 at 2:08 pm CET, while Bitcoin saw a correction of 0.17%, to go for $6,248.80 at 2:10 pm CET.

Breaking the News / BM