At the time of writing, Bitcoin has lost 30% of its value, falling from $16,519 per coin to $11,427.24, according to the digital currency exchange Coinbase's website.
READ MORE: Not-So-Funny Money: Bitcoin's $2,000 Plunge Panics Netizens
Other cryptocurrencies also fell, including Bitcoin Cash, which fell from $3,427 to $1,870.50 (-45.18%); Ethereum, from $826 fell to 541.05 (-33.98%); and Litecoin, which fell from $316 to $186.34, indicating a 40.61% decrease.
Twitter is exploding in reaction to the developments on the cryptocurrency markets.
To all our Bitcoin Miners. Bitcoin’s network fee is currently 0.0022 BTC, we r working on changing the method of withdrawal transactions which if successful will drive down that fee. Obviously do as you wish…#bitcoin #cryptocurrency #crypto #bitcoinmining— Bitcoin City (@city_bitcoin) December 22, 2017