Crypto crash: Ethereum plummets, Bitcoin price outlook ‘deteriorates’

Crypto crash: Ethereum plummets, Bitcoin price outlook ‘deteriorates’


(Kitco News) The crypto space saw another sudden crash over the weekend as Bitcoin and Ethereum posted significant losses, eroding future price outlooks.

Bitcoin was below $28,000 on Sunday, down 6% during the last week. And Ethereum witnessed even bigger losses, touching a low of $1,433 — the lowest level in about a year and a half — and now trading down 15.6% on the week.

The key macro driver hurting the crypto space, which has largely been trading like a risk-on…


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