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Bitcoin and other cryptos were sinking on Monday as investors continued to worry about a worsening macro climate, tighter monetary policies and an economic slowdown related to the Omicron variant.
Bitcoin was off 8.7% Monday to around $46,000. Ether, the coin of the Ethereum blockchain network, was down 11% to $3,700. Many “alt-coins” were faring worse, including Solana, down 13%, and Terra, off 14%.