Crypto: $1.4 trillion erased from market; Bitcoin below $36,000

Almost half of the crypto's market value lost since its all-time high touched in November 2021. Cryptocurrencies kept on declining for the third straight month.

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Bitcoin fell below $36,000 for the first time since July last year, erasing almost $600 billion of its value. It made a record high of $69,000 in November.

Cryptos have been witnessing brutal selling for some months now as the market cap fell from as high as $3 trillion to almost $1.6 trillion, as of Monday.

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Risky assets including equities around the world are under pressure as the U.S. Federal Reserve is expected to withdraw the easy money policy.

Ethereum, the second-largest crypto as per the market value, was trading below $2,500 on Monday after its all-time high of $4,800.

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