According to the trading portal Coinmarketcap.com, Bitcoin (BTC) lost 6.73% in the last 24 hours. The price at the time of writing is $7 746.
Other cryptocurrencies also fell in value significantly. For example, Bitcoin Cash lost 10.7%. The largest drop belongs to NEM, its rate reduced by 20% in one day.
Ripple and Litecoin became cheaper by 10.68% and 9.76% respectively.
Ethereum also continues to rapidly lose ground and is at a rate of about $515 per coin.
The total market capitalization is $295 billion. Bitcoin accounts for 44.3% of the total amount. It is $131 billion in monetary terms.