cryptocurrency markets spooked the investors, dampening the risk appetite. The virtual currency market became the latest to fall victim to the selling pressure, as investors risk off their positions. Major cryptocurrencies, including the behemoths like Bitcoin and Ethereum, lost up to a fifth of their value on the back of profit booking and concerns triggered nearly a billion dollars worth of selling across cryptocurrencies. The sudden sell-off in bitcoin and other cryptos comes on the heels of some serious stock market declines, in the US, said Raj A Kapoor, Founder, India Blockchain Alliance.
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