Over $60 billion wiped off value of cryptocurrencies as bitcoin drops below $8,000 again
The price of bitcoin fell below $8,000 for the third time in four days on Monday.
Over $60 billion was wiped off the value of the entire cryptocurrency market in 24 hours.
The prospect of tougher regulation in China and India, claims that tether could be propping up the market, and banks like Lloyds banning people from buying cryptocurrencies with a credit card, has weighed on the market.