Below $300: Ether Price Hits New Low for 2018

Ether, the world's second-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Monday.

At 16:50 UTC during Monday's trading session, the cryptocurrency fell below $300 dollars for the first time since November 12, 2017, according to CoinDesk's Ethereum Price Index.

ETH was last seen trading at an average price of $289.16., marking a roughly 9.6 percent decline since the day's open.

Its individual market capitalization also fell by more than $10 billion within that period.

According to CoinDesk price data, ether was trading at $289.96 exactly one year ago.

The cryptocurrency is one of a number of networks to see declining values during the Monday session.

The total market capitalization of all cryptocurrencies is down nearly $15 billion from its daily high of $219.4 billion and is currently sitting at just above $205 billion, CoinMarketCap data shows.

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose.

You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.