Why Altcoins Dropped Like a Rock on Monday
The cryptocurrency market had another bad day on Monday, continuing its general trend from the past couple of months. Almost every major coin was down in trading, including altcoins, following a rough weekend for most valuations.
As of 12:30 p.m. ET, Binance Coin (CRYPTO: BNB) had been down by as much as 6.8% and was off by 3.5%. Cardano (CRYPTO: ADA) had been down by as much as 10.7% and was off 5.7%, while Polkadot (CRYPTO: DOT) had plunged by as much as 11% and was at that point down by 7.1%. Finally, Solana (CRYPTO: SOL) had been down by as much as 9.9% before recovering slightly, and was at that point off by 6.2% over the previous 24 hours.
Image source: Getty Images.
Source Fool.com
