Why is crypto dumping? Ethereum vs USDBLACKBULL:ETHUSDBlackBull_MarketsBitcoin, Ether, and other cryptocurrencies extended their losses on Monday, even as stocks traded mostly higher. Bitcoin hovers near $106,980, down about 3% in 24 hours, while Ethereum fell roughly 7% to around $3,642. Most major altcoins mirrored the decline (but more pronounced), reflecting a broader pullback in market sentiment. Investors may have turned cautious after U.S. Treasury Secretary Scott Bessent suggested that the Federal Reserve’s interest rate policy may have already pushed parts of the economy (particularly housing) into recession.