On Sunday, the value of the cryptocurrency market fell by $270 billion, with ether falling 21% and bitcoin falling 11%. Following an increase in interest rates, this selloff was accompanied by a larger fall in Asia-Pacific equities, which included Japan's Nikkei 225. Declines occurred in U.S. markets as well, influenced by weak economic and earnings data. While ether erased its annual gains, the price of bitcoin fell to its lowest level since February.