No reprieve for cryptocurrencies as the rout deepens further

It's another beatdown in the crypto world and the worst part is that there doesn't look to be any thing that could potentially stem the drop.

Bitcoin price on Coinbase's exchange has seen it fall below $8,250 and the drop is more than 41% on the year already at this point. Ethereum is also down 15% on the day and Ripple is down by more than 22% at time of writing.

If January's fall was bad, February surely isn't starting off on the right foot either. Watch this space. When things get bad in the cryptocurrency market, boy do they really get bad.

Join the conversation in our new Telegram group.