5/9, 12:53 PM (Source: TeleTrader)
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Bitcoin drops to lowest level since July 2021

Cryptocurrencies extended losses on Monday with Bitcoin dropping to the lowest level in 10 months.

The latest decline came amid a sell-off on global stock markets amid concerns about the conflict in Ukraine and rising inflation.

Bitcoin slid 4.93% over the past 24 hours to sell for $32,761 at 6:46 am ET. The world's most popular cryptocurrency has lost 31% since the start of the year. Meanwhile, Ether plunged 6.83% over the past 24 hours to go for $2,384 at 6:54 am ET.

Baha Breaking News (BBN) / NP