Bitcoin and Ethereum snapped three days of gains as the highest UK inflation in 40 years added to ongoing concern over the state of the global economy.
Bitcoin dropped 4.5% to change hands at US$20,154 on Wednesday morning, while the second largest coin by market value fell 6.4% to US$1,082.
Both digital currencies have been flirting with the key support levels of US$20,000 and US$1,000 respectively for over a week.