Ethereum (CRYPTO: ETH) was plunging over 6% at one point on Thursday, in sympathy with the general markets and the crypto sector, which were being pummeled.
Bitcoin (CRYPTO: BTC) had dropped over 6% during the 24-hour trading period by press time, while the S&P 500 took a 3.4% nose-dive at one point before recovering slightly.
The cryptocurrency sector has been frustrating for traders and investors over the past many months, with multiple bull and bear traps in both directions, while the overall trend has been south.
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