Why Ethereum, Solana, and Cardano All Plunged Today

The news in the crypto market continued to get worse after Tuesday's de-peg of TerraUSD (CRYPTO: UST) from the U.S. dollar, as well as the drop in Bitcoin (CRYPTO: BTC). This has effectively caused a cascade of selling and has led to outright panic in some circles. And even the most useful crypto assets are down big Wednesday. 

At noon ET, the value of Ethereum (CRYPTO: ETH) had fallen 3.6% in the prior 24 hours, Solana (CRYPTO: SOL) had dropped 19.9%, and Cardano (CRYPTO: ADA) was down 13.2%. 

Image source: Getty Images.

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Source Fool.com