Cryptocurrencies continued to lose ground after a historic round of liquidations that triggered a sharp selloff over the weekend.
Bitcoin, the largest digital asset by market value, slumped as much as 3.75% to about $111,500 on Tuesday morning in London, while Ether fell 7.5% to below $4,000, according to data compiled by Bloomberg. Smaller, more volatile tokens sank further still, dragging the combined market value of all cryptocurrencies down by more than $150 billion over a 24-hour period, according to CoinGecko data.
