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Economy

No. 2 cryptocurrency Ethereum plunges 50% in 4 weeks

Some $17bn in value lost since mid-June; volatility places it well behind leader bitcoin

NEW YORK -- The value of Ethereum, the No. 2 virtual currency by market value, has been falling for weeks. According to market data provider CoinDesk, the currency's rate against the dollar on Tuesday slipped briefly to touch $183.39, down 13.3% from Monday. It was the lowest level since late May, and down more than 50% from its all-time high of $414.76 on June 12.

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