Crypto Market Crash: Cardano, XRP, and Solana All Take Big Hits Again Today
Today's turned out to be yet another abysmal day for top cryptocurrencies. Cardano (CRYPTO: ADA) XRP (CRYPTO: XRP), and Solana (CRYPTO: SOL) are top-10 tokens that are getting pummeled. At of 12:45 p.m. ET, these three tokens have sunk 11.5%, 9.4%, and 13.4%, respectively, over the past 24 hours.
The violent swing downward the crypto market has made in recent weeks follows high selling pressure across other risk assets, such as equities. With the correlation between equities and crypto increasing, likely due to a reversion of the same macro forces that took risk assets higher in recent years, a stampede is heading toward the exits now. Cryptocurrencies such as Cardano, XRP, and Solana provide higher-risk upside, something investors aren't looking for right now.
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Source Fool.com
