ETH price drops below $100 for the first time since December 2018

Michael McSweeney

The price of ether (ETH) – the native token of the ethereum network – fell below the $100 mark late Thursday.

TradingView data indicates that ETH fell to $90 on Coinbase, $89.96 on Bitfinex, $88.20 on Bitstamp and $86.62 on Gemini.

According to historical price data published by CoinMarketCap as well as Etherscan, ETH's price hasn't traded below $100 since December 18, 2018. 

ETH's fall was indicative of the broader chaos occurring in the crypto markets Thursday. The fall was, as of press time, followed by a bounce-back above the three-digit level. According to TradingView, ETH is trading between $110 and $119 across major exchanges at time of writing.

The price of bitcoin also fell below $4,000 against the U.S. dollar on several exchanges, including Coinbase, Bitstamp, Gemini and OKCoin. The cryptocurrency's price also surged from the low, and is currently trading in the $4,900 to $5,050 range on major exchanges cited by TradingView.