Today, most of the world’s cryptocurrencies are down as much as 50% from their highs, as listed on coinmarketcap.com.
Bitcoin hit under $10k, that is from its high $20k a few weeks ago. In past 24 hours, most of the virtual currencies are down from 20-30%.
Earlier, South Korea announced some strict regulations on cryptocurrencies and more and more counties are looking to regulate virtual currencies. Today, Russia, France, and several Asian countries hinted to bring some regulations to the virtual crypto market.