losses are bad, but Ether and Dogecoin’s are worse.
While the largest cryptocurrency has lost more than a quarter of its value this week, relentlessly sliding from $40,000 to as low as $26,000, the pain was even more pronounced in smaller cryptocurrencies.
While Bitcoin was down 13% over the past 24 hours,
the second-largest crypto, dropped 23%. The token underpinning the Ethereum blockchain network was changing hands below $1,900 on Monday, the lowest levels since last summer, and has lost more than one-third of its value in the last seven days.
Altcoins, or smaller cryptocurrencies, were also deep in the red.