The entire cryptocurrency market lost nearly $13 billion of value on Thursday due to fresh warnings from financial authorities about the rapid growth of digital coins and the potential threat to the economy.
The International Monetary Fund said in a recent report that continued rapid growth of crypto assets could create new vulnerabilities in the international financial system.
Dow Jones falls 3.1%, Nasdaq 4% in worst Wall St day since February can also be a contributing factor in the Cryptocurrencies sudden sell-off.
