2/23, 7:24 PM (Source: TeleTrader)
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Ether sinks over 15% to trade around $1,500

The price of the world's second most popular cryptocurrency, Ether, tumbled more than 15% on Tuesday followed by a complete market sell-off that began earlier in the day.

The latest news revealed that Ether's price drop at the Kraken cryptocurrency exchange was caused by a significant sell-off and not any system glitch.

Ether plunged 15.67% to trade for $1,500 at 1:20 pm ET, however still standing over 100% higher compared to the start of the year. Bitcoin also extended losses, declining 12.86% to $47,170 at 1:27 pm ET.

Breaking the News / ND