Crypto Markets Slump as Bitcoin and Ethereum Lead Losses

Crypto markets opened the morning session on a broadly negative note, with losses recorded across all eight major digital assets tracked.

The flagship cryptocurrency Bitcoin fell to $62,852.91, shedding 0.89% as it extended its recent softness.

Ethereum inched lower to $1,878.30, posting a more modest decline of 0.32%, making it the most resilient asset among the group.

Avalanche and Cardano were not so fortunate, with Avalanche falling 1.36% to $6.36 and Cardano declining 1.24% to $0.18.