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Crypto Crash Cripples Bitcoin, Ethereum, and Dogecoin This Weekend

Chris MacDonald, The Motley Fool
·3-min read
Crypto Crash Cripples Bitcoin, Ethereum, and Dogecoin This Weekend

Three of the top 11 tokens by market capitalization, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) showed negative 24-hour returns of 5.1%, 8.4%, and 9%, respectively, as of 5:30 p.m. ET. Capital outflows have led to spot price declines across most major cryptocurrencies, as investors take a risk-off approach to all assets. Liquidations for the world's two top cryptocurrencies totaled more than $471 million, or approximately 60% of all forced liquidations in the market.

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