$ETH #Vaulta Bitcoin slumped to an almost two-month low as investors dumped riskier assets following a sharp rise in bond yields.

The original cryptocurrency dropped as much as 5.3% to $89,329 on Monday, its lowest since Nov. 18 and well below the peak of $108,316 it reached in December. Other cryptoassets were down even more, with Ether and Solana down as much as 10%.