Bitcoin (BTC) has given up the entirety of its bounce from Saturday’s panicky selloff, plunging to under the $60,000 level in the morning hours of the U.S. trading session Wednesday.
After earlier Wednesday recovering above $64,000, bitcoin slipped to as low as $59,900, down more than 3% over the past 24 hours and its weakest price since early March. At press time, it was trading at $60,200.
Ether (ETH), the second-largest crypto asset by market capitalization, tumbled below $3,000 declining 2.5% over the same period.