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Ethereum Falls to 10 Cents Before Recovering

Published June 22, 2017
  • Oil prices recovered slightly this morning, but held near their 10-month low amid lingering concerns over strong shale output growth in the US
  • Investors reacted to ongoing weakness in the oil market and as such, global stock markets stumbled today
  • Healthcare bill being unveiled by US Senate Republicans today is expected to roll back the Obamacare expansion of the Medicaid healthcare program for the poor and reshape subsidies to low-income people buying private insurance
  • Today, EU leaders gather in Brussels for a two-day summit to discuss Brexit, security
  • Cryptocurrency Ethereum flash-crashed to as low as 10 cents from around $317 in overnight trade but has since recovered most of its losses