Wednesday due to a number of factors, including factors such as rising global uncertainty and more aggressive policy action by the US Federal Reserve.

It was a bloodbath across the entire cryptocurrency market, with popular tokens like Bitcoin and Ethereum taking the biggest hit.

Bitcoin, the world’s largest cryptocurrency, fell below $43,000 on Thursday, or 6.43 per cent lower than its price 24 hours ago at 11:00 am. Bitcoin’s market capitalisation plummeted to $815 billion and the 24-hour trade volume jumped to $1.93 billion due to profit booking by panicky investors.

Ether, the native token on the Ethereum platform, witnessed a similar fall in value due to the global uncertainty surrounding Covid-19 and more aggressive stance taken by central banks around the globe Mark Zuckerberg's personal wealth has fallen by more than $6 billion in a few hours, knocking him down a notch on the list of the world's read more: Stopping Facebook cost Zuckerberg $ 6 billion

Ether was trading at $3,471 or 8.67 per cent lower than its price 24 hours ago. Its market capitalisation fell to $408.51 billion and the 24-hour trade volume was $1.47 billion.

Matt Dibb, COO of Singapore-based crypto fund distributor, Stack Funds, told news agency Reuters that the fall correlated with the “risk off” move across most traditional asset classes.