Bitcoin and Ether Fall Sharply as Market Turmoil Hits Cryptocurrencies
Cryptocurrencies faced significant losses on Monday, driven by a wave of risk aversion in global markets. Bitcoin saw a sharp drop of over 10%, while Ether saw its biggest drop since 2021. At 10:40 am in Singapore, Bitcoin was down 8.5%, trading at $54,100, following a 13.1% drop last week. Ether lost more than 20%…