Bitcoin fell to a one-week low on Apr. 19, as markets moved into consolidation following a recent bull run. Following today’s red wave, prices neared a breakout below the $29,000 level earlier in the session. Ethereum also declined, falling below $2,000.

Bitcoin (BTC) moved lower on Wednesday, as markets began to consolidate following recent gains in price. Following a high of $30,470.30 on Tuesday, BTC/USD dropped to a bottom at the $29,102.17 mark earlier in the day. The low sent bitcoin to its lowest point since April 10, which is when price was last below $29,000.

In addition to BTC, Wednesday’s red wave also pushed ethereum (ETH) lower, with the price dropping below $2,000. ETH/USD hit a low of $1,967.17 earlier today, which comes less than 24 hours after it traded at a peak of $2,121.53. The move came as ethereum fell below its recent price floor at the $2,030 level, with some eyeing a lower floor at $1,830.

(by Eliman Dambell)