Canadian Politics Today

Cryptocurrencies kicked off a new week with deep losses, extending weekend selling following surprisingly high U.S. inflation data and troubles for a major cryptocurrency exchange.

Bitcoin  BTCUSD, -17.19%  has slumped around 14% over the past 24 hours, last trading at levels not seen since late 2020 of around $23,517 with a low in that period of $23,822. Those represent levels not seen since late 2020. Bitcoin is down more than 60% from its November 2021 high.

Ethereum ETHUSD, -19.48% fell more than 16% to around $1,235, hovering at a early 2021 low, after touching $1,180. Meme coin Dogecoin DOGEUSD, -19.39% lost 17%.