Bitcoin plunged deep into the red Wednesday morning, dropping nearly 4% to $56,000, as a massive sell-off in the stock market followed disappointing U.S. macroeconomic data . The ripple effect was felt across the crypto market, with Ether, the second-largest cryptocurrency by market capitalization, losing nearly 3% and hovering around $2,300. Suggested Reading Nvidia's stock plunge reportedly cost CEO Jensen Huang $9.8 billion in a day Former OpenAI chief scientist's startup raises $1 billion

Tag-uri: Bitcoin