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Crypto washout sends bitcoin below $58 000 into bear market

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Jirapong Manustrong/Getty Images
Jirapong Manustrong/Getty Images

The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70 000.

Bitcoin was last down 4.7% to $57 055, its lowest since late February, while losses in ether were more modest, down 3.6% at $2 857, also at its weakest since February.

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