Select what genuinely interests you. Your picks feed directly into our editorial planning. Ethereum lost 7.9 percent in 24 hours and traded at $2,236.81 according to CoinGecko shortly before 1 a.m. German time on Friday. Bitcoin gave up 5.7 percent over the same period. The trigger was a sell-off in chip and AI stocks on Wall Street, which forced leveraged long positions in the crypto market to close one after another. Ether has thus dropped to its lowest daily level since mid-August.