Cryptocurrencies extended a slide on Monday, hampered by a further drop in the second-largest token Ether as well as the prospect of a global wave of monetary tightening this week spanning the US to Europe.
Ether fell as much as 5.6% to a two-month low and was trading around $1,302 as of 10:35 a.m. in Singapore, while Bitcoin shed about 5% to recede below $19,000. Tokens like XRP, Avalanche and Polkadot posted heavier losses.
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