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 Altcoins Crashed on Friday

TheMotleyFool

0 0

The value of cryptocurrencies cratered on Friday as an industrywide sell-off took hold. The biggest cryptocurrencies were down today but smaller cryptocurrencies, known as altcoins, were down even more. In some cases, values were down 20% in just the last 24 hours.

As of 11 a.m. ET, Polygon (CRYPTO: MATIC) had dropped as much as 17.4% in the last 24 hours, Avalanche (CRYPTO: AVAX) was down 17.9%, Cosmos (CRYPTO: ATOM) had fallen 14.5%, and Terra (CRYPTO: LUNA) had plunged 14.9%. They are down 13.3%, 14.6%, 9.4%, and 11.4%, respectively, as of 1:30 p.m. ET.

Image source: Getty Images.

Source Fool.com

Like: 0

MATIC

Share