The two largest cryptocurrencies that account for more than half of the entire crypto market cap, bitcoin (BTC-USD) and ethereum (ETH-USD), both slide about 6%, contributing to a nearly 6% plunge in the global crypto market cap, according to data from CoinMarketCap. Binance Coin (BNB-USD -6.6%), Solana (SOL-USD -8.8%), Cardano (ADA-USD -7.5%), Ripple (XRP-USD -3.9%), Dogecoin (DOGE-USD -6.6%) and Avalanche (AVAX-USD -7.1%) all crumble intra-day. Earlier on Monday morning, Ether (ETH-USD -6.1%) broke a key area of support at $4K, now changing hands just below $3.8K per token, a level not seen since mid-October. Of course, U.S. risk assets - which recently trade similar to cryptos - open lower, with the S&P 500 (SP500) down 0.8% so far on Monday as the Fed's much awaited FOMC meeting starts on Tuesday. Bitcoin (BTC-USD) proxies including the Grayscale Bitcoin Trust (OTC:GBTC -4.2%) and ProShares Bitcoin Strategy ETF (BITO -3.0%) also extend losses from last week. Still, BTC
