But by 5:15 a.m. EST, both began to slowly climb back, appearing to avoid the immediate precipitous slide many predicted would happen if $20,000 and $1,000 were breached. Some may have hoped $18,979 and $987 would be the lows of this crash.
No such luck: things got worse again around noon. Bitcoin and Ethereum took another dramatic leg lower, with BTC going to $17,772 at 4:30 p.m. EST on CoinMarketCap, and ETH to $898 at 4:15 p.m.
The current Crypto Winter is different from 2018 in that crypto is tanking along with tech stocks as the broader economy looks shaky, inflation is ballooning, and a full-on recession looks imminent.
As crypto believers look for the bottom (and some wait to buy back in), things could get much worse before they get better.