Bitcoin fell below the $30,000 level, amid a broader decline in cryptocurrency prices, as concerns about inflation led to a bout of caution in global markets.
The larger token fell 4.5%, before paring some tranches to trade at around $29,270 on Wednesday.
Ether fell by 5%, and altcoins, including Solana, fell about 8%.
The largest cryptocurrency rose as much as 3.5% to $30,478 Tuesday in New York, after falling 3% the day before in its worst drop since March 9. Ether and an index of the 100 largest digital assets also recorded gains.
(bloomberg)
