Bitcoin and Ethereum offset yesterday’s gains, tumbling back below key support levels as the tech-heavy Nasdaq slipped to its lowest level in a month.
The largest coin by market cap, Bitcoin, fell 4.29% to US$38,740, while Ethereum lost 4% to US$2,874.
Both coins are trading below their significant support levels of US$40,000 for Bitcoin and US$3,000 for Ethereum.
Cryptocurrencies over the last year or so have increasingly mirrored the movements of the equity markets as investors and traders moved into the world of digital tokens.