Two major events in the cryptocurrency space have rocked Bitcoin’s value down to a three-month low as the entire market witnessed a cascading crash.
Meanwhile, Kazakhstan, the country which accounts for a large 18 percent of the Bitcoin network’s hash activity, witnessed a nationwide Internet shutdown, causing BTC’s hashrate to drop by 13.4 percent — reflecting in a sharp fall in value.
At the time of publishing, Ether is valued at $3,759 , where the coin saw a steeper drop of 9.73 percent over the past 24 hours.
Gadgets 360’s cryptocurrency price tracker reveals a bad day for the entire market as stable coin appears to be the only crypto assets to have gained in value.
Meanwhile, a member of India’s Monetary Policy Committee has given Indian crypto investors some respite from rumours suggesting that the crypto sector could be totally prohibited in the country.
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