As stocks, currencies, crude and other commodities fall, cryptocurrencies are also affected by the global meltdown. Bitcoin plunged over 10 percent to under $8,000, with others also dropping.
After trading at over $9,000 last Saturday, bitcoin began a rapid descent, falling as low as $7,761 on Monday before rebounding to around $7,900 later in the day, according to aggregated data from ConMarketCap. In just one day, it lost 9.49 percent of its value.
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