Bitcoin and Ethereum sink to 3-month lows, but a bigger crypto selloff may be ahead
AI summary
Bitcoin and Ethereum dropped to three-month lows on Thursday, extending a crypto selloff that has wiped out $550 billion in market value since October. Bitcoin fell to $71,317, its lowest since August, while Ethereum briefly slipped below $2,000 to $1,983. The broader market's valuation has fallen from roughly $2.94 trillion in early October, and the article warns a larger selloff could still be ahead.
