Bitcoin fights to hold $36,000, following risk assets down

Cryptocurrency is under pressure with a sharp selloff throughout the day. Bitcoin (BTC-USD) -10% fell below $36K for the first time since the middle of last year. But it has since recovered that level. Ethereum (ETD-USD) -15% and Dogecoin (DOGE-USD) -8% are also tumbling. Bitcoin has already fallen more than 11% year to date as growth equities have slumped, with the Nasdaq 100 (NASDAQ:QQQ) moving further into correction territory with today's slide and down more than 9% year to date. Higher yields have been for the past 12 months "discounted by battered EM assets and long-duration tech/crypto," BofA strategist Michael Hartnett says.