According to CNBC, for the first time in the past 16 months, Bitcoin fell below $26,000.

This comes amid a large sell-off of other cryptocurrencies that led to over $200 billion being erased from the entire market in one day. 

Bitcoin plunged as low as $25,401.29, but it has since cut its losses and was last trading at $28,569.25. Other cryptocurrencies also saw a loss, including Ether, the second-biggest digital currency, which went as low as $1,704.05 per coin. Coinbase, the crypto trading platform, also lost roughly half its value over the course of a week. Treasury Secretary Janet Yellen, who addressed the volatility TerraUSD, a popular “stablecoin” billed as a safe place for crypto investors to store their cash, while testifying to the Senate earlier this month.