Why Shiba Inu, Cardano, and Solana Were Sinking Today
The cryptocurrency market has seen some big sell-offs corresponding with reports that Russia seems likely to begin an attack on Ukrainian territory in the near future. Solana (CRYPTO: SOL), Shiba Inu (CRYPTO: SHIB), and Cardano (CRYPTO: ADA) had fallen 4.5%, 4.8%, and 5.9%, respectively, from 4 p.m. ET Friday to 10 a.m. ET on Saturday.
Cryptocurrencies are sometimes touted as being largely disconnected from macroeconomic and geopolitical risk factors. However, the last few months of trading seem to poke holes in that thesis.
Image source: Getty Images.
Source Fool.com
