Bitcoin and Ethereum Plunge to New November Lows Amid Market Crash

Cryptocurrencies were back to trading in red on Tuesday. Bitcoin and Ethereum, the market's largest assets, had registered back Bitcoin and ether plunged on Monday to multi-month lows as worries over a possible US recession in the wake of soft data gripped financial markets and triggered a widespread sell-off. This latest downturn has seen Bitcoin and Ethereum create new November lows, reflecting a significant market crash.

Macro uncertainties and Bitcoin slid below $90,000 on Tuesday, hitting a level not seen since November, amid a broader struggle for cryptocurrencies this year so far. As a result of the aforementioned previous 24 hours Bitcoin price has extended its weekly losses to more than 18% after falling under $80,000 earlier today amid the broader crypto market crash.

Ethereum has joined Bitcoin in feeling the weight of the market crash but especially so over the last 24 hours. The combined effect of economic anxieties and negative market sentiment has pushed both leading cryptocurrencies to levels not witnessed since last November. Investors are closely watching market trends and analyzing the factors contributing to this significant downturn in the crypto market. Stay updated with the latest news and analysis to navigate these volatile times.