The bitcoin rate on Tuesday for an hour collapsed by about 10%, falling below $ 12,000 for the first time since December 5, according to data from the trading platform CoinDesk.

Bitcoin started the session on Tuesday at $ 13,585, briefly rose to $ 13,600, and then unexpectedly dropped below $ 11,700.

Other digital assets, including the ether and XRP tokens, also known as Ripple, also showed a significant drop.

A sharp drop in bitcoin was the result of “shortage of buyers in Asia,” said CNT senior market analyst eToro Matri Greenspan.

Investors are alarmed by warnings of regulators from around the world regarding crypto-currencies and the latest actions of Chinese authorities aimed at limiting activity in this segment.