Bitcoin rival ethereum plunged Monday.
Ethereum, also known as ether, traded 19 percent lower Monday morning, near $245.
Last Wednesday, ethereum briefly plunged in a flash crash from above $300 to 10 cents.
Ethereum is still up about 5 percent for June, and 2,500 percent for the year, according to CoinDesk data.
In a blog post Monday, digital currency investor and Union Square Ventures partner Fred Wilson said the decline in ethereum was profit-taking after a massive run higher in the last six months.
"My gut says we are headed for a selloff in the crypto sector," he said in the post. But he said he remains optimistic about the future of cryptocurrencies over the next five to 10 years.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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