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Cryptocurrency has been under attack in recent weeks. The month of February witnessed a drastic drop in the prices of most digital assets with the price of Ethereum falling to 12 per cent in 7 days.
As of the 2nd of March Ethereum, the second-largest digital coin now trades for $1,583 per coin.
The price of ether has leapt over 9 per cent in the last 24 hours.
Market analyst says the Citigroup and Goldman Sachs recent endorsement of the cryptocurrency market could lead to further upside for Bitcoin and Ethereum.