The largest altcoin Ethereum (ETH) fell to $ 1661 on the Bitstamp exchange, reaching the lowest level since March 28, 2021.
The asset fell 65.56% from the record high of $4,878 reached last November.
Leading cryptocurrency Bitcoin also fell below the $ 29,000 level.
After inflation reached the highest level of the last 41 years, a decrease occurred in cryptocurrencies.
Cardano (ADA) has lost more than 8% in the last 24 hours and is even bigger than Ethereum.
Ethereum is trading at $1,682 at the time of writing.
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