The cryptocurrency market has gotten hammered over the last few days and Monday's price action isn't any better. Major cryptocurrencies like Bitcoin and Ethereum are down over 6% in the last 24 hours and many altcoins have done even worse.
Terra's Luna (CRYPTO: LUNA) coin lost as much as 10% of its value against the U.S. dollar in the last day as of 12:30 p.m. ET. Arweave (CRYPTO: AR) fell as much as 10.9%, and Polygon (CRYPTO: MATIC) dropped 17.9%. The cryptocurrencies are currently down 9.8%, 10.4%, and 15.7%, respectively, in the last 24 hours. The one bright spot was Gala (CRYPTO: GALA) , which rose as much as 22.8% and is now up 6.5% for the day.
Image source: Getty Images.
For further details see:
Why Luna, Arweave, and Polygon All Plunged Today, but Gala Rose