Bitcoin, XRP, and other cryptocurrencies mounted another attempted rebound early Thursday after a brutal selloff in digital assets. Things got even worse for crypto assets Wednesday as Bitcoin suffered losses for a fourth consecutive day,

The overall crypto market cap fell by 4.44 percent in the last 24 hours. With this, the valuation of the market has tumbled to $2.81 trillion (roughly Rs. 2,44,96,044 crore), as per CoinMarketCap. The dominance of Bitcoin on the market presently stands at 59.75 percent.

Bitcoin had been above $100,000 as recently as February 7, and was over $96,000 on Monday this week. Bitcoin's drop is part of a wider rout in which over $800 billion of nominal value "has been wiped off global cryptocurrency markets in recent weeks,

Concerns over tariffs and the recent breach of a crypto exchange may be fueling a decline not seen since President Trump’s election victory in November. Investors in cryptocurrencies are seeing red today.

The crypto market was in full panic mode on Tuesday as valuations fell double digits almost across the board. To be fair, the move has little to do with crypto itself; values are down because of a feared trade war and waning consumer confidence.