Cryptocurrencies continued their decline during Monday's trading as rising global bond yields dampened demand for riskier assets in global markets.
Bitcoin dropped 0.4% to $26,033.5 at 12:40 p.m. Makkah time, according to Coinbase data, after logging its worst weekly performance since November 2022.
Ethereum also fell 0.37% to $1,672.26, while XRP slumped 3.68% to $0.5232.
Investors worldwide await a meeting of top central bank officials at the Federal Reserve's annual symposium in Jackson Hole this week, looking for clues about monetary policy outlooks.
