Bitcoin, the largest token, at one point shed 3.2% and was trading at about US$16,090 as of 11.04am in New York. Second-ranked Ether fell about 5%, while the likes of Solana, Avalanche and Dogecoin suffered even sharper losses.
Cryptocurrencies slid Monday as BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall.
Prices had slumped earlier amid a bout of investor anxiety in global markets sparked by protests in China against Covid restrictions.
