Crypto Market Crash Sends Cardano, Chainlink, and The Sandbox More Than 6% Lower Today
The crypto crash continues on into Monday. Despite some positive signs from yesterday, which saw a rebound in many top tokens, investors saw fit to resume selling on Monday. As of 11:30 a.m. ET, top cryptocurrencies Cardano (CRYPTO: ADA), Chainlink (CRYPTO: LINK), and The Sandbox (CRYPTO: SAND) declined 6.5%, 6.2%, and 9.1%, respectively, over the past 24 hours.
Macro headwinds continue to batter the crypto sector, with cryptocurrencies trading in line with stocks, which are seeing incredibly bearish sentiment take hold today. Prospective interest rate hikes on the horizon have cooled demand for higher-risk assets, with investors largely seeking out safe havens today. Additionally, last week, a paper from the Russian central bank highlighting a plan to ban all cryptocurrencies was not met favorably by investors over the weekend.
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Source Fool.com
