Altcoin Plunge Leads Crypto Lower; Bitcoin Slips 0.7% to $29,150

Cryptocurrencies were broadly lower after a sharp mid-afternoon selloff Tuesday upended what had been a mostly quiet session. Leading the CoinDesk Market Index's (CMI) 1.3% decline were altcoins such as Ripple's (XRP), Dogecoin (DOGE), Polkadot's (DOT), Polygon's (MATIC) and Uniswap's (UNI), each sporting losses of more than 4% over the past 24 hours. Outperforming were the crypto majors bitcoin (BTC) and ether (ETH), both of which managed declines of less than 1%. Perhaps hitting crypto were some macro jitters as this morning's U.S. retail sales report for July came in far stronger than expected. The Nasdaq, S&P 500, and Dow Jones Industrial Average each fell more than 1%.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android