The cryptocurrency Bitcoin tumbled to its lowest level since July 2021 on Monday, as it fell in parallel with the decline of US stock markets, amid concerns about the strong path taken by the Federal Reserve in tightening monetary policy.

The world's largest cryptocurrency fell to 30,331.28 dollars, continuing to decline for the fifth consecutive session.

Bitcoin has fallen 19% since the beginning of last May, and more than 26% since the beginning of this year.

The most famous digital currency has lost more than 50% of its value since hitting an all-time high of $69,000 in November last year.

Ether - the second largest cryptocurrency in the world - also fell to $ 2245, its weakest level since January.

The main stock market indices on Wall Street closed its trading with a sharp decline at the end of trading on Monday.

The benchmark Standard & Poor's 500 Index closed 3.2% lower, while the Nasdaq Composite Index of technology stocks fell 4.3%.

The benchmark Dow Jones Industrial Average fell nearly 2%.