Why Cryptocurrencies Dropped Like a Rock Today
Cryptocurrencies had a very rough start to the week on Monday, some dropping 10% or more. There's generally a "risk-off" trade taking place where investors sell risky assets to acquire more stable assets, and that tends to disproportionately hurt cryptocurrencies. There's also some fear that the financial markets are facing a looming crisis, and if that craters asset values, including in crypto, traders could panic-sell or be forced to sell because of margin calls, causing a cascading market impact if.
