Heavy losses in the past few hours, hits cryptocurrency market

A state of panic, fear and caution dominated the digital currency market after heavy losses in the past few hours, with the trend of many countries to tighten control in an attempt to regulate the circulation of these currencies, in addition to an invitation from the International Monetary Fund to global talks on these currencies, which jumped rocket rates during the year the past.

According to Coinmarketcap, since Tuesday's session until Thursday evening trading, digital currencies suffered losses of more than 92.7 billion dollars, a decline of about 18.16% after the total market value dropped from 510.3 billion dollars at the end of transactions last Tuesday to the level of 417.6 billion $ Until Thursday evening.
not to mention the major cryptocurrencies, led by Bitcoin at the moment, are losing their value rapidly, and even the new and emerging currencies have been hit by the same losing wave.