Altcoins have felt the sting, too. Ethereum was down 16% over a 24-hour period at one point, with XRP plunging 18% and Dogecoin 26%.

It was an even worse picture among digital assets with smaller market caps.

Ethereum was down 16% over a 24-hour period at one point, with XRP plunging 18% and Dogecoin 26% over the same timeframe.