Bitcoin Tumbles to Six-Month Low below US $ 34 K

The selloff in cryptocurrencies gained momentum on Monday, with Bitcoin plunging and other digital tokens seeing even bigger losses.

Bitcoin sank as much as 6.6% and fell below the $34,000 mark, continuing a six-day downturn. Ether retreated 7.6% and touched $2,201, also the lowest since July.

Across the crypto spectrum, markets were in a sea of red with Solana’s SOL and Cardano’s ADA plummeting 19% and 13%, respectively, according to data compiled by CoinGecko.