Why the 3 Biggest Cryptocurrencies Bitcoin, Ethereum, and Binance Coin Plunged Today

What happened

Today’s price action in the wide world of cryptocurrencies has been broadly negative. Indeed, when the three largest tokens by market capitalization — Bitcoin ( BTC -6.18% )Ethereum ( ETH -7.99% ) and Binance Coin ( BNB ) — are all down, the market tends to follow suit.

Over the past 24 hours, these large-cap tokens each lost 3.5%, 3%, and 5.1%, respectively, as of 9:30 a.m. ET. Unsurprisingly, the overall crypto market was down 3.6% over the past day,…


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