Ether at one point lost more than 7% before paring a part of the wobble to trade at about US$2,463.
Bitcoin posted its biggest drop since the turmoil that gripped global markets in early August, part of a wider retreat in crypto prices that included a sharp fall in second-ranked token Ether.
The largest digital asset shed more than 6% at one point, the steepest slide since the Aug 5 plunge, before retracing some of the weakness to change hands at US$59,400 ($77,316.82) as of 7.02am on Wednesday in Singapore.
