Why Polkadot, Solana, Binance Coin, and Cardano All Plunged Today

·2 min read
Why Polkadot, Solana, Binance Coin, and Cardano All Plunged Today

Bitcoin (CRYPTO: BTC) is down nearly 6% as of 3:37 p.m. EDT, but lesser-known coins have fallen more than double digits today. In the last 24 hours alone, Polkadot (CRYPTO: DOT) has fallen 8.1%, Binance Coin (CRYPTO: BNB) is off 6.4%, Solana (CRYPTO: SOL) has plunged 9.7%, and Cardano (CRYPTO: ADA) is down 9.3%. The move today has largely been blamed on traders taking profits in all cryptocurrencies, which have for the most part had a strong run over the past month.

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