Crypto markets experienced a sharp sell-off on Tuesday before recouping some losses. Bitcoin fell 19% to as low as $43K and was trading at $46K in the afternoon Eastern time. Ethereum’s Ether hit a low of $3,005 on Binance before bouncing back to $3,500. Buyers were quick to pounce as the price of ETH approached its 50-day moving average, a key level watched by traders.