Several major cryptocurrencies suffered losses today, pushing lower after bitcoin declined significantly in a relatively short period of time.
Of the 1o top digital assets listed on Messari, nine were in the red at the time of this writing.
Bitcoin, ether and cardano’s ada, the top three cryptocurrencies, were all down at least 10% in the last 24 hours at the time of report, additional Messari figures show.
XRP and Polkadot’s dot token were down even more, having plunged more than 20% during the same 24-hour period.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Bitcoin’s Flash Crash
These across-the-board losses took place after bitcoin fell sharply, dropping below $43,000 around 11:30 a.m. EST after trading north of $52,000 earlier in the day.
Several market observers emphasized that bitcoin suffered this downside amid robust selling activity.