Bitcoin posted its biggest drop since the turmoil hit global markets in early August, part of a broader decline crypto prices that included a sharp drop in the second-ranked token Ether.
The largest digital asset lost more than 6% at one point, the steepest drop since the Aug. 5 plunge, before retracing some of the weakness to trade at $59,760 as of 7 a.m. Wednesday in New York. Ether lost more than 7% at one point before paring some of the swing to trade at around $2,522.
