First Mover Asia: Slow Start to the Week for Crypto as China Lockdowns Drag on Stocks, S&P 500

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Bitcoin, in turn, fell 1% during Monday’s Asia trading day, and pushed further down throughout Monday trading in the U.S. At time of writing, it was up 2.4% to $40,485. Metaverse major Axie Infinity shaved 10% off its value during trading on Monday in Asia while NEAR and NEO, tokens associated with layer 1 blockchains, declined 10% and 9.3%, respectively.