Bitcoin and Ethereum have just fallen off a cliff

Bitcoin and Ethereum have dropped sharply this week, with their prices taking a massive hit in the past 24 hours.

At the time of writing, Bitcoin was just under the $6,000 mark, while Ethereum had sunk to below $600.

According to data from Yahoo Finance, the past day is where a lot of the damage was done, with Bitcoin and Ethereum both suffering drops of over 20%.

This comes after the cryptocurrencies reached all-time highs in December 2017.

The week’s losses for the cryptocurrencies are as follows (pricing from CoinDesk):

Bitcoin – High: $11,018, Low: $5,950
Ethereum – High: $1,180, Low: $587

Bitcoin 1-week pricing

Ethereum 1-week pricing