Bitcoin, the most important cryptocurrency by market cap, fell as a lot as 15% on Monday, dropping under $50,000 for the primary time since February earlier than recovering to commerce round $52,000. Ether, the No. 2, fell for the seventh straight day, posting its largest drop since Could 2021. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, dropped nearly 20% and was 16% decrease as of 09:00 UTC. Fairness markets in Asia and Europe additionally fell.
