Cryptocurrencies tumbled with bitcoin falling 7% and ether shrinking 8% in the last 24 hours.

Iran PressSci & Tech: Bitcoin prices fell sharply on Thursday night, while ether prices also dived.

Bitcoin plummeted by more than 7% in the last 24 hours, and was trading at $38,5774 as of 11:19 p.m. ET, MSNBC reported citing CoinDesk data.

Ether, the second-largest cryptocurrency by market cap, dived 8% in the last 24 hours. It was trading at $2,860 as of 11:20 p.m. ET, after falling as low as $2,809.51 in the last 24 hours, according to CoinDesk.

The declines in cryptocurrencies follow Wall Street losses on Thursday. The Nasdaq was down almost 5% this week, and the S&P 500 is into its third straight week of losses.


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