Why Avalanche, Cardano, and XRP Plunged Today

·2 min read

In a rather dismal way to end the week, most major cryptocurrencies took a plunge on Friday, with the overall crypto market losing 8% of its market capitalization in short order this morning. As of 12:15 p.m. ET, top tokens Avalanche (CRYPTO: AVAX), Cardano (CRYPTO: ADA), and XRP (CRYPTO: XRP) each saw more substantial losses, plunging 11.3%, 13%, and 10.6%, respectively, over the past 24 hours.