Almost all digital coins undergo declines in the last 24 hours.
While Bitcoin neared its June-low, Ether dropped 13 percent. The total market capitalization of digital currencies declined to $193 billion – compared to $835 billion in January.
Is this year going to be the ‘unraveling’ of last year’s crypto exuberance? Only time will tell. But given the inherent uncertainties - such as those related to regulation or broader mainstream acceptance - still plaguing digital currencies, volatility is hardly a surprise.