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"After today's announcement, people are getting scared," said Anshul Vashist, Delhi-based support manager at the cryptocurrency exchange Coinsecure, as quoted by Bloomberg.
"We have seen some dumping of bitcoins." Coinsecure has a volume of about 100 coins a day, he said.
Bitcoin has now fallen more than 53 percent from the record value of $20,000 seen in December 2017. January was the worst month for the cryptocurrency since 2015.
Ripple, bitcoin cash, cardano, and other leading digital currencies plunged even more than bitcoin, losing over 10 percent of their value each.
Ethereum was one of the few to survive the meltdown, trading one percent up. Only six seven of the top 100 cryptocurrencies were gaining as of 2:00 pm GMT, according to CoinMarketCap data.
Comment: Israel's crimes against humanity are legion and the world is slowly waking up to them: