Bitcoin drops to three-week low, Ether continues to fall sharply....

The largest digital token Bitcoin plunged as much as 8.3% at one point, reaching thwest level since late July.

The largest digital token sank as much as 7.4% to $18,273 before paring losses.

Ether shed up to 6.6%, struggling to hold the $1,300 mark.

The market value of digital tokens is down more than $70 billion in the past 24 hours

Ethereum was last down 5% at $1,753. Other smaller virtual coins suffered sharper declines, including plunges that exceeded 10% in Avalanche, Cardano and Solana.

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Bitcoin is down almost 60% this year. If the price drops below the $17,599 reached on June 18, it would be at the lowest level since December 2020.

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