Cryptocurrency Prices Plunge as Investors Sell Off Risky Assets

cryptocurrency market experienced a significant downturn Sunday and Monday (Aug. 4-5), resulting in a loss of approximately $367 billion in value over a 24-hour period. This plunge was primarily driven by substantial drops in the prices of bitcoin and ether, the two largest cryptocurrencies, CNBC reported Monday. The decline in the crypto market coincided with a broader slide in equities across Asia-Pacific markets and the Nasdaq’s worst three-week stretch in two years, according to the report