Ether, the second largest crypto by market cap, behaved equally, dropping from its earlier help comfortably above $1,600 to about $1,546, a 6.6% decline from Wednesday identical time, that was a part of a wider market downswing. The drop-off after a five-week spike started after Coinbase CEO Brian Armstrong tweeted Wednesday that his agency had heard rumors the SEC wished to ban retail traders from partaking in crypto staking, the income-generating approach on the core of working blockchains together with Ethereum.
