Ethereum's value sank by 15 per cent in just two days. Photo / Getty ImagesEthereum's value sank by 15 per cent in just two days. Photo / Getty ImagesThe cryptocurrency ethereum, which is the second most valuable coin in the market after bitcoin, has experienced a brutal drop in value after an aggressive sell off by investors. Leading into the weekend, Ethereum's value sank by 15 per cent in just two days, dropping to US$1661 ($2606), which was it lowest level since March 2021. The cryptocurrency market suffered one of its biggest crashes on record last month after the complete collapse of two of the most popular and supposedly "stable" coins, terra and its sister token Luna.

Source: New Zealand Herald June 12, 2022 07:15 UTC