Why Altcoins Jumped Again Today

The crypto market continues to swing wildly, with Bitcoin and Ethereum rising or falling 5% nearly every day this week. That movement has pulled most altcoins with it and today is no different. 

The value of Phantom (CRYPTO: FTM) rose as much as 10.8% in the last 24 hours, although it has fallen sharply this morning and is down 2.3% in the last 24 hours at 2:20 p.m. EDT. Polygon (CRYPTO: MATIC) is another cryptocurrency that's had a great day, climbing 12.7%. Finally, NEAR Protocol (CRYPTO: NEAR) rose as much as 11.7% but is now up just 2.3% in the last day. 

Image source: Getty Images.

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Source Fool.com