Ether set for biggest daily fall in three months, no US ETF bounce

FILE PHOTO: Representation of Ethereum, with its native cryptocurrency ether, is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) - Cryptocurrency ether dropped as much as 7% on Thursday as it got caught up in the broad market sell-off and failed to get a lift from this week's launch of the first U.S. exchange traded funds tracking the currency.

The world's second largest cryptocurrency was last down 6% at $3,170 in what would be its biggest daily percentage fall in three months, leaving it broadly in the middle of its recent trading range.