Cryptocurrencies recorded significant losses on Monday, with Bitcoin plummeting over 7%, APA reports citing Teletrader.
Earlier, blockchain platform Solana experienced a 48-hour network outage caused by "excessive duplicate transactions" amid already falling prices of digital currencies.
Bitcoin fell by 7.09% at 5:33 am ET, going for $33,694, at the lowest level since August 2021. At the same time, Ether plunged 10.82% and sold for $2,266, also reaching its lowest price since August.