Crypto markets are deep red on Monday, with industry leader bitcoin sliding lower before a packed week of economic data.
At press time, bitcoin traded near $68,200, down nearly 3% over 24 hours, with XRP , ether , registering much bigger losses. Losses hit 85 of the top 100 tokens by market cap, with privacy coins like monero and zcash down 10% and 8%, respectively.
Smart contract tokens bled too, with the CoinDesk Smart Contract Platform Select Capped Index down nearly 6%, pushing its year-to-date drop to 28%.
The market weakness looks particularly disappointing against the backdrop of the weak U.S. consumer price index data released last week that kept hopes of Fed…
