A sudden panic in the markets! Cryptocurrency price collapses

Cryptocurrency Prices collapsed after their huge appreciation as a result of Donald Trump's victory in the US elections. The price of Bitcoin has fallen to $90,000 per coin, Forbes writes.

The price of bitcoin fell to $90,000 a coin, down from nearly $100,000 on Monday. The correction in the price of cryptocurrencies "delete" about $200 billion of the total market worth $3.2 trillion.

Now, after a leak reveals that a massive "earthquake” on Wall Street could affect bitcoin next year, with traders nervously watching how low the cryptocurrency's price could fall after cryptobillionaire Michael Novogratz warned it could fall as low as $80,000 before rebounding, the outlet said.

Novogratz predicted that the price of bitcoin could fall below $80,000, where it traded before Trump's victory in the presidential election, which signaled a "paradigm shift” about cryptoregulation.