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Why Cosmos Dove 13% Over the Weekend

TheMotleyFool

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Cosmos (CRYPTO: ATOM) investors endured significant losses over the weekend, with the value of the cryptocurrency slumping 13% from its closing price on Friday. The digital asset was caught in a broader market slump that impacted most cryptocurrencies.

Bitcoin shares crashed by 17% at one point on Saturday, dragging many alternative cryptocurrencies lower in the process. These assets can be especially volatile in weekend pricing due to lower trading volumes.

The increasing use of margin by speculative investors in Bitcoin and other currencies amplifies that risk of major price swings.

Source Fool.com

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