Bitcoin boomed—and then tumbled. The world’s largest cryptocurrency hit another all-time high Wednesday evening, surging past $124,100, according to data from Binance. But, since notching a new record, the token has dropped 5% and now hovers below $118,000.
Ethereum, the world’s second largest cryptocurrency by market capitalization, is also hovering near all-time highs but is down 4% over the past 24 hours at about $4,500, per Binance. Still, the token’s price has soared over the past month to increase by almost 50%.
