Crypto market downturn deepens as Ether and privacy coins suffer steep losses
By
Bloomberg News
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Summary
The article reports on the intensifying cryptocurrency market downturn, with Ether (ETH) hitting its lowest level in over a year and privacy coins like Monero leading the losses. The slump follows a gruelling week for digital assets, reflecting broader bearish sentiment across the crypto market.
Key quotes
· 3 pulledEther sank to its lowest level in over a year as digital assets continued to sustain heavy losses after a gruelling week.
Privacy coins are leading the losses in the latest leg of the crypto slump.
The cryptocurrency market is facing renewed selling pressure amid macroeconomic uncertainty.
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