Crypto
Crypto Market Suffers Sharp Decline as Bitcoin Plummets to New Lows
The cryptocurrency market took a sharp downturn on Sunday evening, with Bitcoin plummeting to levels not seen since February. Ethereum also suffered significant losses, falling back to December prices.
BTC dropped 12% in 24 hours and is down 20% week-over-week. Meanwhile, ETH plummeted 21% in a day, losing 30% of its value over the past week.
The decline in cryptocurrency prices has been accompanied by a broader market sell-off. The Nikkei stock index has tanked, with a 6% drop early Monday morning, and is now off 20% from its mid-July peak.