Cryptocurrency prices plunge as global market cap falls below $1 trillion

On Monday, the price of crypto tokens declined across the board along with the wider financial markets.

Bitcoin (BTC) and ether (ETH) led the downturn, reaching the lowest levels in at least 17 months.

The global cryptocurrency market cap fell below $1 trillion for the first time.

 The price of Celsius's native token, Celsius (CEL), fell sharply on the news and is currently trading at $0.18 for a loss of 54% over the past 24 hours.

These price drops come despite potentially positive developments for both bitcoin and ether last week.

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