Bitcoin updates monthly lows below $42,500 amid macroeconomic worries.

Major cryptocurrencies lost 10% or more in value this Monday. Bitcoin set an intraday low below $42,500, thus surpassing the levels of the September 7 collapse and equaling the values of the first half of August.

Ether is at the psychologically significant $3,000 mark, Solana is losing 12.5% in value, Polkadot is at 14.5%, and Avalanche is over 15%.

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