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Bitcoin plunges to 18-month low

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Bitcoin fell to its lowest level in nearly 18 months amid high inflation's impact on global risk assets, Bloomberg reports.

The cryptocurrency dropped by as much as 12% to $23,981. That's the lowest level since December 2020.

The total crypto market cap was roughly $1.02 trillion on Monday, down from $3 trillion in November 2021.

Read more from Bloomberg.

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