Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a global markets selloff.
The world's most popular cryptocurrency dived about 10 percent to hit $24,692 in morning London deals, striking a level last seen in December 2020.
World stock markets have plunged since Friday when data showed US inflation at a fresh four-decade high, increasing recession fears.
"The correlation between the equity markets and bitcoin continues to" gain strength, said AvaTrade analyst Naeem Aslam.
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