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Convert 0.319 eths to USD Trying to figure out how to convert 0.319 eths to USD. It’s easy with the help of a currency converter! These websites work by using the average exchange rate on the International Currency Rates. These rates change constantly and are subject to change. Make sure you use a reputable currency converter! To convert 0.319 eths to USD, you’ll need to enter the amount you’d like to convert and the currency you’re converting.
Ethereum price crash blamed on “multimillion dollar market sell” On Wednesday afternoon, the cryptocurrency Ethereum crashed in price to about 10 cents from its previous price of $320 on the GDAX cryptocurrency exchange. It has recovered to trade at $325 at the time of this article. Ethereum is an alternative to bitcoin that uses a distributed computing network and a cryptocurrency token called “ether” to make transactions. This digital currency can be transferred between accounts and is considered a form of payment.
The Ethereum price crash was a big money-making event for some users. One StockTwits user, John DeMasie, posted a screenshot of his trade history claiming that he had ordered 3,800 coins if the price dropped below ten cents on the GDAX exchange. This means that he would have paid $380 for the coins and had $1 million when the price rose.
CNBC has not verified the screenshot, but the price crash does come at a time of increasing interest in cryptocurrencies in general. Ethereum has hit record highs recently but has suffered many pullbacks. This crash was blamed on a multimillion-dollar market sale. Traders placed stop-loss orders in the crypto and a number of them went short. The stop-loss orders, which are designed to limit further losses, were followed by margin funding liquidations. Margin funding involves trading on borrowed funds. Liquidations occur when a trader decides to stop trading for fear of further losses.