Cryptocurrency prices declined at the beginning of the week's trading due to growing concerns about the macroeconomy, leading to a forced liquidation of long positions exceeding $500 million.

The price of Bitcoin fell by 2% to $115,255.70, after hitting a new all-time high last week at $124,496.

Ethereum also dropped by 4% to $4,283.15.

Stocks related to cryptocurrencies faced pressure before trading began, with Bitmine Immersion's stock falling by 6%, and SharpLink Gaming's stock declining by 3%.²

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