Ether Plunges Below $4,000: Is the Crypto Market Facing a Major Correction?
Bloomberg.com2 weeks ago
830

Ether Plunges Below $4,000: Is the Crypto Market Facing a Major Correction?

Market Sentiment
ethereum
bitcoin
marketcrash
cryptocurrency
bloomberg
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Summary:

  • Ether falls below $4,000, reaching a seven-week low amid a broader crypto sell-off.

  • The crypto market has lost over $140 billion in value this week, signaling significant pressure.

  • Bitcoin declines 1.7%, adding to the negative sentiment across digital assets.

Market Turmoil Intensifies

Ether has slid below $4,000, hitting its lowest point in nearly seven weeks. This decline is part of a broader digital-asset rout that has wiped out over $140 billion in market value since the beginning of the week.

Key Movements in Major Cryptocurrencies

The second-largest cryptocurrency, Ether, dropped as much as 4.7% to $3,969 on Thursday. Meanwhile, Bitcoin, often seen as a market bellwether, also experienced a decline, slipping 1.7% according to data compiled by Bloomberg.

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