Why Bitcoin, Ethereum, and Dogecoin Plunged Today

The crypto market sell-off has continued into Monday, with most tokens down considerably in morning trading. Mega-cap tokens Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) both broke through psychological barriers, with Bitcoin dipping below $40,000 per token and Ethereum diving below $3,000 per token this morning. Currently, both tokens are down, though losses have been limited to 0.6% and 2.5%, respectively, for Bitcoin and Etheruem over the past 24 hours, as of noon ET.

Notably, Bitcoin is outperforming the overall crypto market today, which is much deeper in the red on the whole. The entire crypto market has lost 1.7% over the past 24 hours as of noon Monday, also dipping below the psychological threshold of $2 trillion in terms of market capitalization.

Once again, meme tokens such as Dogecoin (CRYPTO: DOGE) are leading the way in terms of losses today. Dogecoin is currently down 4.4% over the past 24 hours.

Source Fool.com