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

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%.