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Why Cosmos Dove 13% Over the Weekend

Why Cosmos Dove 13% Over the Weekend

Cosmos (CRYPTO: ATOM) investors endured significant losses over the weekend, with the value of the cryptocurrency slumping 13% from its closing price on Friday. The increasing use of margin by speculative investors in Bitcoin and other currencies amplifies that risk of major price swings. Cosmos wasn't immune to this pressure over the weekend and the crypto opened trading down 12% by 10 a.m. EDT Monday.