Bitcoin, the largest cryptocurrency by market cap, fell as much as 15% on Monday, dropping below $50,000 for the first time since February before recovering to trade around $52,000. Ether, the No. 2, fell for the seventh straight day, posting its biggest drop since May 2021. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, dropped almost 20% and was 16% lower as of 09:00 UTC. Equity markets in Asia and Europe also fell.
