Why Polygon, Silvergate Capital, and Riot Blockchain Are Getting Crushed Today
The broader cryptocurrency market is seeing another day of bearish momentum. Polygon's (CRYPTO: MATIC) MATIC digital currency token was down by roughly 15% over the previous 24 hours of trading as of 4 p.m. ET on Thursday. Meanwhile, crypto-focused companies Silvergate Capital (NYSE: SI) and Riot Blockchain (NASDAQ: RIOT) also got hit hard, falling roughly 12% and 9.7% on the day, respectively.
Bitcoin and Ethereum are experiencing some significant sell-offs, down roughly 6.6% and 7.5% over the last day. That momentum has extended to top altcoins and stocks with major exposure to the cryptocurrency space, and it looks like more volatility may be in the cards.
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Source Fool.com
