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

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.