Bitcoin, Ethereum Fall 5% as Markets Slump Into Correction Territory

Bitcoin (BTC) fell over 5% over the last day to retreat back under $30,000, wiping off most of its recent gains.

The leading cryptocurrency gave investors a touch of hope at the start of the week after staging a mini-rally to first reclaim the $30,000 level on Monday before briefly surpassing $32,000 the following day.

It was the first time in three weeks that Bitcoin had traded at those levels; however, it failed to keep the upward momentum, plunging to an intraday low of $29,501 on…


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