Ether, the second-biggest token, dropped as much as 18% to below US$2,000 before also paring losses. The volatility buffeted Binance Coin, XRP and Cardano too. Dogecoin – the token started as a joke – bucked the trend and is up 7% over 24 hours, according to CoinGecko.
The mania that drove crypto assets to records as Coinbase Global went public last week turned on itself on the weekend, sending Bitcoin tumbling the most since February.
The world’s biggest cryptocurrency plunged as much as 15% on Sunday, just days after reaching a record of US$64,869 ($86,523). It subsequently pared some of the losses and was trading at about US$56,440 at around 8:25am in Tokyo Monday.
