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Why Bitcoin, Ethereum, and Bonk Plunged Today

TheMotleyFool

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Why Bitcoin, Ethereum, and Bonk Plunged Today: https://g.foolcdn.com/editorial/images/771463/bitcoin-as-a-bait-blockchain-cryptocurrency-trap.jpg

Volatility continues to be the name of the game in cryptocurrencies and today is no different. But unlike most of 2024, the market is working against investors today.

As of 1:45 p.m. ET, the value of Bitcoin (CRYPTO: BTC) has dropped 2.8%, Ethereum (CRYPTO: ETH) is down 5.2%, and Bonk (CRYPTO: BONK) has fallen 9.4%. The move was impacted by a long holiday weekend in parts of the world, but 24/7 trading in crypto kept market speculation moving.

Image source: Getty Images.

Source Fool.com

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