Bitcoin plunges 30% to $30,000 at one point in wild session, recovers somewhat to $38,000

PUBLISHED TUE, MAY 18 2021 11:51 PM EDTUPDATED WED, MAY 19 2021 3:04 PM EDT

Ryan Browne

@RYAN_BROWNE_

Arjun Kharpal

@ARJUNKHARPAL

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• BTC.BS=-USS
• COIN

Bitcoin plunged 30% to near $30,000 at one point on Wednesday, continuing a major sell-off in the cryptocurrency markets that began a week ago.

The digital currency hit as low as $30,001.51 as the selling intensified Wednesday before paring some of those losses. The cryptocurrency hasn't traded at those levels since late January.