The prices of bitcoin and ether fell to six-month lows Monday morning, continuing a sell-off of major cryptocurrencies that has erased more than $1 trillion in value from the market since November, Forbes reports.
The price of bitcoin, which makes up nearly 40% of the crypto market and is the most valuable cryptocurrency by market capitalization, fell to around $33,500 Monday morning, down more than 6% from 24 hours before.
Ether, the second most valuable cryptocurrency and around 16% of the overall market, fell more than 11% to around $2,200.
Both cryptocurrencies are at their lowest points since July last year and have shed around half their value since reaching record-breaking highs in November.
Other major tokens—including XRP, cardano, solana and Binance’s BNB—have experienced similarly steep drops over the last 24 hours, falling between roughly 8% and 12%.
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