Bitcoin (BTC) Price Falls Below $59K Amid Broad Market Rout; Ether (ETH) Slumps Almost 10%

Bitcoin had topped $62,700 earlier in the day, but recently was down 6.5% from 24 hours earlier. Amid the rout, it got as low as $58,240, the lowest price since Aug. 19. Ether traded as high as $2,700 earlier Wednesday, but recently fetched less than $2,500.