Bitcoin (BTC) Price Drops Below K Amid Broad Market Downturn; Ether (ETH) Drops Nearly 10%

Bobby Cirus

Bitcoin (BTC) Price Drops Below $59K Amid Broad Market Downturn; Ether (ETH) Drops Nearly 10%

Bitcoin had previously surpassed $62,700 in the day, but had recently fallen 6.5% from 24 hours earlier. During the rout, the price fell to $58,240, its lowest price since Aug. 19. Ether had traded as high as $2,700 earlier on Wednesday, but had recently fallen below $2,500.

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