Bitcoin was under pressure Monday, with the world’s No. 1 crypto trading near its lowest level since Jan. 1, according to data compiled by Dow Jones Market Data.

The decline for bitcoin
comes as general risk appetite on Wall Street was deteriorating, amid growing concerns about the spread of the COVID-19 delta variant and worries about growing tensions between China and the U.S., which come at a vulnerable time for asset valuations that have been broadly heading higher.

On Monday, bitcoin was changing hands at $30,820, off 2.7% on CoinDesk and down more than 50% from its mid-April peak. Ether
on the Ethereum blockchain was off by about 4%, changing hands at $1,822.60. Ether values are off nearly 60% from highs put in early May. Ether is trading around its lowest levels since June 27.

In other digital assets, dogecoin prices
were down 5% at 17.5 cents, off more than 75% from…

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