Bitcoin and Ethereum are cratering

Enlarge / The price of Bitcoin has fallen 40 percent since the start of September. (credit: Bitcoincharts.com)

The last year has seen an astonishing boom in the two most popular cryptocurrencies: bitcoin and ether—the latter being the currency of the Ethereum network. The price of bitcoins soared from around $1,000 at the start of the year to nearly $5,000 on September 1. Ether rose from $8 to almost $400 over the same period.

But now both currencies are plunging. Bitcoin...

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