Why Bitcoin, Ethereum, Dogecoin, and Solana All Plunged Monday Morning

A crypto crash that began Friday afternoon continued over the weekend and picked up the pace on Monday morning. It didn't help that the stock market was down big with growth stocks taking another step lower.

As of 11 a.m. ET, Bitcoin (CRYPTO: BTC) was down 1.8% in the last 24 hours, Ethereum (CRYPTO: ETH) was down 5.9%, Dogecoin (CRYPTO: DOGE) was down 1.4%, and Solana (CRYPTO: SOL) had fallen 9.9%.

What's crazy to look at is the day's volatility. From peak to the low point, Bitcoin fell 9.9% in the last 24 hours, Ethereum fell 15.3%, Dogecoin dropped 7.3%, and Solana fell 20.7%. Those are wild moves for any asset class, but given that these cryptocurrencies all have market caps over $15 billion there's a lot of money being lost in the crypto market.

Source Fool.com