Bitcoin and Ethereum have dropped sharply this week, with their prices taking a massive hit in the past 24 hours.
At the time of writing, Bitcoin was just under the $6,000 mark, while Ethereum had sunk to below $600.
According to data from Yahoo Finance, the past day is where a lot of the damage was done, with Bitcoin and Ethereum both suffering drops of over 20%.
This comes after the cryptocurrencies reached all-time highs in December 2017.
The week’s losses for the cryptocurrencies are as follows (pricing from CoinDesk):
- Bitcoin – High: $11,018, Low: $5,950
- Ethereum – High: $1,180, Low: $587