Bitcoin, ethereum and other major cryptocurrencies are currently trading in the red.
The global cryptocurrency market capitalisation is $1.29 trillion, down 8.21 percent from the previous day.
Bitcoin, the world's largest cryptocurrency, has seen a massive plunge, trading more than 9 percent lower on June 26.
Bitcoin is still up 14.3 percent from the year's low of $27,734 on January 4, Reuters reported.
