Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Bitcoin, Ethereum, and Dogecoin Plunged on Monday

TheMotleyFool

0 0

Why Bitcoin, Ethereum, and Dogecoin Plunged on Monday: https://g.foolcdn.com/editorial/images/731489/bitcoin-falling-apart.jpg

The crypto market had a turbulent weekend, which has extended into trading on Monday. The drop has been caused by some insiders selling Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) transactions slowing to a crawl.

At 2:40 p.m. ET on Monday, Bitcoin has dropped 5.3% in the last 24 hours, Ethereum is down 5%, and Dogecoin (CRYPTO: DOGE) has lost 7.8% of its value. A lot of altcoins are down by double digits, so this is the best corner of the market right now.

Image source: Getty Images.

Source Fool.com

Like: 0

BTC

Share