Published on 12 Apr 2024 on Motley Fool via Yahoo Finance
The crypto market took an absolute nosedive at 8:30 a.m. ET on Friday after the stock market opened. Bitcoin (CRYPTO: BTC) has fallen over $4,000 in value to $66,440 as of 3:15 p.m. ET, Ethereum (CRYPTO: ETH) is off 9% over the same time to $3,216, and Dogecoin (CRYPTO: DOGE) plunged 14.2%.
While the decline started early on Friday, it accelerated around noon ET -- that's when small declines became double-digit losses for many cryptocurrencies.