Ether takes out $3000

The markets are certainly volatile now and that volatility has been rising as the European morning unfolds. That has seen the VIX (Volatility index) spike higher. The US equity futures have extended their losses and all the main risk assets are under pressure. That includes cryptocurrencies too, and so perhaps it is of little surprise to see all the main protagonists in that space get hit harder now. That has seen Bitcoin drop below 43k and also Ether has now dropped below $3000. The move lower comes as hot money flow exits all these trades and seeks safety elsewhere. The fall back below $3000 was highlighted here earlier today as being a distinct possibility. Now that this has unfolded it is hard to say where this current run might base out. The low so far has been set at $2,919, but it is not far above that level right now, currently trading at $2,935