Monday Crypto Selloff as ETH, SOL, BNB, ADA Plunge 5%-10%
Cryptocurrencies took another sharp leg lower on Monday, with the bounce from the Oct. 10 crash now having essentially fully reversed.
Already having slipped below $108,000 from above $110,000 overnight, bitcoin plunged to $105,500 in the early hours of the U.S. trading session, now lower by 4% over the past 24 hours and 8% over the past week.
Altcoins bore a bigger brunt. Ether plunged below $3,600, down 7% over the past 24 hours and 14% over the past week. Other major altcoins like solana , BNB , and tumbled 8%-10%.
The downturn in prices rippled across derivatives markets, liquidating over $1 billion in leveraged trading positions across all digital assets Monday,…
