Cryptocurrencies suffered significant losses due to risk aversion in global markets. Bitcoin fell by more than 14%, and the ether (ETH/USD) showed its sharpest drop since 2021, according to Bloomberg. As of this morning, bitcoin fell to $50,900, the worst result since the collapse of the FTX exchange. The ether lost more than a fifth of its value but then recovered to $2,286. Most of the major cryptocurrencies also ended up in the red. The drop in cryptocurrencies comes amid a global selloff in stocks caused by concerns about the economic outlook and doubts about the justification for large in…