Bitcoin and Ethereum sink further to 50% of all-time highs

Cryptocurrencies were set for their fifth consecutive red day as digital currencies continued to follow in the footsteps of wider markets, especially riskier ones such as technology assets. Bitcoin declined 3.6% to US$33,536 but was slightly outpaced in its fall by its closest rival by market value, Ethereum, which eased 4.2% lower to US$2,451. Both leading coins were changing hands at approximately 50% below all-time highs seen in November, while Bitcoin was at a 10-month low.