Bitcoin drops to ~$52,500, its lowest level since February 2024 and down nearly 16% since August 3, and ether drops 15% to ~$2,300, as global markets plummet (Tanaya Macheel/CNBC)

Tanaya Macheel / CNBC:
Bitcoin drops to ~$52,500, its lowest level since February 2024 and down nearly 16% since August 3, and ether drops 15% to ~$2,300, as global markets plummet  —  Cryptocurrencies tumbled amid a global market sell-off spurred by recession fears.  —  The price of bitcoin sank more than 11% …