Bitcoin fell below $30,000 for the first time since Jun. 22 dragging other digital coins lower.
About $98 billion was wiped off the entire cryptocurrency market in 24 hours as of 12:29 a.m. ET on Tuesday, according to CoinMarketCap data.
Bitcoin was down more than 6% while ether fell nearly 9% and XRP tanked almost 10%, according to CoinDesk data.
Cryptocurrencies also sank, with bitcoin falling below $30,000 for the first time in about a month.
In cryptocurrencies, bitcoin sank as low as $29,500, a level not seen since June 22, before trading 4.1% lower at $29,559.10.
Rival ether dropped 4.8% to $1,730.33, also nearing a one-month low.
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