With more professional investors trading bitcoin, the market is increasingly moving in line with traditional markets.
The cryptocurrency market has continued its decline over the past week, reflecting the decline of the broader stock market.
The world's largest cryptocurrency, bitcoin, fell to $31,075.70 on Monday evening, down 10% from 5 pm on Sunday. EDT, as per prices from CoinDesk. The price of bitcoin is down 54% from its all-time high of $67,802 in November.
Bitcoin hit by the same problems dragging down stock