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.
Smaller cryptocurrencies like ethereum and ripple plunged by double digit percentage points.
