Cryptocurrencies were set for their fifth consecutive red day as digital currencies continued to follow in the footsteps of wider markets, especially riskier ones such as technology assets.
Bitcoin declined 3.6% to US$33,536 but was slightly outpaced in its fall by its closest rival by market value, Ethereum, which eased 4.2% lower to US$2,451.
Both leading coins were changing hands at approximately 50% below all-time highs seen in November, while Bitcoin was at a 10-month low.
They were trading over 15% below key support levels, as crypto bears continued to make themselves more known.
The negativity, meanwhile, was mirrored by the majority of the top 100 coins, with 88 of them giving up value early into the start of the week.
Cardano, Avalanche and Shiba Inu were some of the most significant fallers, having dropped 6.6%, 6.9% and 7.6% respectively.
Most notable to buck the trend, however, was NEAR Protocol, which climbed 9.9% to US$11.38.