Bitcoin leads cryptocurrency market meltdown amid concerns over global equity markets

The world’s largest

The world’s largest cryptocurrency, bitcoin, dropped below the $44,000 level on Monday as concerns over global equities spilled over into crypto markets.

The digital asset lost as much as 10% during the day’s trading, falling to $43,692.57, according to Coin Metrics. Other cryptocurrencies were also in the red, with ether losing 9% to $3,038.74 and XRP becoming the worst performer, down 14% on Monday.

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