The top three cryptocurrencies in the world experienced a drop in price. Bitcoin, Ethereum and Ripple's currency XRP fell, with XRP leading the slump.

The rates as at 10:00 am (IST) and 03:54 am (UTC) as per coinmarketcap.com are:
Ripple: $2.45 (-18.85%)
Bitcoin: $15,468.60 (-3.43%)
Ethereum: $1,218.73 (-1.57%)

Developments on Monday, 8th of January in the International Markets:

• Ripple's XRP had a steep fall of 38% on Monday before picking up. This drop comes after it reached its all-time high just last week.
• Bitcoin plunged as much as 8% after reports that Asian regulators are tracing down miners and exchanges.
• Dogecoin, a cryptocurrency that was started as a joke has reached a market cap of over $2 billion.
• Bitcoin miners of China are reportedly fleeing the country as the government to set to crackdown on cryptocurrencies and its exchanges.