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Why Cryptocurrencies Like Chainlink, Crypto.com Coin, XRP, and Algorand Are Plummeting Today

·3 min read
Why Cryptocurrencies Like Chainlink, Crypto.com Coin, XRP, and Algorand Are Plummeting Today

The cryptocurrency market is getting crushed in today's trading. Chainlink (CRYPTO: LINK), Crypto.com Coin (CRYPTO: CRO), Ripple's (CRYPTO: XRP) XRP token, and Algorand (CRYPTO: ALGO) were down 14.6%, 16.6%, 13.2%, and 13.9%, respectively, over the previous 24-hour period as of 5:30 p.m. ET on Friday. Meanwhile, Bitcoin had fallen 11.2% and Ethereum's ether token was down 15.5%, and the big sell-offs have quickly shaved more than $200 billion in value off the total combined cryptocurrency market.