With the markets experiencing extreme turmoil, both Bitcoin and Ethereum have dropped below their previous all-time highs.
- Early Saturday morning bought new lows for Ethereum and Bitcoin. Ethereum reached a low of $987 and Bitcoin dropped to $18,926 according to CoinMarketCap.
- Bitcoin’s previous all-time high was back in December 2017, hitting $19,834, this price was never breached prior to the current bear market.
- Ethereum had first surpassed $1,000 back in January of 2018. From January of 2021, it had stayed above this mark comfortably.
- As markets typically move with Bitcoins price, altcoins have been hit the hardest, losing over US$137 billion within the past week. The crypto market cap sits at a mere US$845 billion down from US$2.9 trillion back in November of 2021.