Ethereum is making a big comeback after crashing over the weekend. The once red-hot cryptocurrency tumbled about 25% to a low of $140 an ether. It's currently trading at $166.
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Ethereum is making a big comeback after crashing over the weekend
Ethereum is still up 1,968% in 2017.
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At its low point, Ethereum was down 65% from its record high of $395 set on June 13.
The weekend selling was not unexpected. Ethereum's share of the cryptocurrency universe climbed to 30% on June 22. It was just 5% of the cryptocurrency market at the beginning of the year.
Talk of a cryptocurrency bubble and rise in popularity of Initial Coin Offerings
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