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Bitcoin and ether slide for a second day, weighing on altcoins, as investors cash in on crypto record highs
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Cryptocurrencies came under fire for a second day on Wednesday, as investors cashed in on recent record highs in the likes of bitcoin, ether and shiba inu, wiping more than $300 billion off the size of the total market in the space of a week.
Bitcoin has lost about 8% in two days and was last trading at $60,970, unchanged over the last 24 hours by 07:25 a.m. ET, having hit an earlier low of $58,994, according to Coingecko. Ether, meanwhile, has fallen 10.5% in two days and was last down 1% on the day around $4,265, having dropped to as little as $4,109.
Both tokens have hit record highs this month, which has encouraged some investors to take profit, particularly in light of a number of more bearish developments in the
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