Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 16% and saddling second-ranked Ether with the steepest fall since 2021.
Top token Bitcoin traded 8% lower at $54,653 in early trade in New York, adding to a 13.1% drop last week that was the worst since the period when the FTX exchange imploded.Ether shed over a fifth of its value before paring some of the slide to change hands at $2,440. Most major coins nursed losses.
Top token Bitcoin traded 8% lower at $54,653 in early trade in New York, adding to a 13.1% drop last week that was the worst since the period when the FTX exchange imploded.Ether shed over a fifth of its value before paring some of the slide to change hands at $2,440. Most major coins nursed losses.
