Two asset classes that were punished, at times severely, on Monday were cryptocurrencies and tech stocks. In many ways cryptos and related assets were punished harder, with many investments plunging sharply in price on the day.

Although the degrees of pain varied, crypto mining stocks generally landed in negative territory across the trading session. Cleanspark (NASDAQ: CLSK) was a top candidate to reach the bottom, with a nearly 10% decline in its share price at market close. Cipher Mining (NASDAQ: CIFR) also ended the day in rough shape with a nearly 7% fall, while Marathon Digital Holdings (NASDAQ: MARA) escaped the worst of it with a loss of 1.4%.

Since crypto miners are tied so tightly to the performance of the assets they mine, if coins and tokens are under fire, you can bet they'll catch some of that burn too. Investors were actively selling out of all manner of cryptos on Monday, with eternal bellwether Bitcoin down by more than 7% in early evening trading.

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Source Fool.com