Crypto 'Bloodbath'The crypto market fell to nearly $1 trillion earlier today, with the liquidation amount exceeding $200 million within 1 hour. In particular, some tokens listed as securities by the SEC were hit hard:ADA ↓23%MATIC ↓24%SOL ↓21%FIL ↓16%SAND ↓20%Some other tokens were also affected, but Bitcoin and Ethereum only saw a slight decline. What caused the market decline?The market decline is most likely due to Robinhood's decision to delist ADA, MATIC, and SOL, which is putting significant selling pressure on these tokens. It is assumed that Robinhood holds approximately $1.3 billion in altcoins, of which $583 million can be held in ADA, MATIC and SOL. Another reason stems from credit rating agency Moody's decision to downgrade Coinbase's rating from stable to negative.
