Whereas most cryptocurrencies are starting to see some upward momentum, things are very different for Electroneum. While that is not entirely abnormal, the steep losses are piling up fairly quickly. It seems unlikely ETN will remain above $ 0.0205 for much longer, although altcoins have a tendency to move in mysterious ways.
Electroneum Price Faces a big Setback
When the altcoins are rising, one would often expect to see Electroneum on that list. In this particular case, that is not what is happening, even though there is still a chance the momentum turns around. This massive dip was not entirely expected, yet it seems ETN is not catching a break in either the USD or BTC department right now.
The tax fraud and money laundering trial in France of UBS Group AG and its executives began last week after seven years of investigation. 
