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Bitcoin Touches 3-Month Low; Ether Extends Swoon Since ‘Merge’

  • Expected Fed move of 75 basis points chips away at sentiment
  • Ether suffers as Ethereum-upgrade hype ebbs; XRP token sinks
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A slide in cryptocurrencies Monday sent Bitcoin to a three-month low as sentiment took a knock from a wave of monetary tightening that’s set to stretch from Europe to the US this week.

The largest digital token sank as much as 7.4% to $18,273 before paring losses. That’s the lowest since digital-asset prices tumbled after the collapse of crypto lender Celsius in June. Ether shed up to 6.6%, struggling to hold the $1,300 mark. Coins like XRP and Polkadot posted heavier losses.