Cryptocurrencies sharply reversed early gains during the U.S. trading session on Wednesday with bitcoin (BTC) dipping below $64,000 as a broad-market equity sell-off weighed on the digital asset market.
The leading cryptocurrency by market cap sold off 2% within an hour, dropping to as low as $63,890 after trading above $66,000 earlier in the session. At publishing time, BTC was trading at $64,000, down 0.5% over the past 24 hours.
