The price of cryptocurrencies plunged across the board suddenly and sharply Wednesday morning, seemingly with no clear reason to do so.
Having been steady at around $7,350 per coin during most of trading during both Asian and European morning hours, around 5:50 a.m. ET (10:50 a.m. BST) bitcoin lost more than $200 in mere minutes. It took another leg down an hour later, falling below the psychologically significant $7,000 mark.
