Cryptocurrency Market Takes a Hit as Bitcoin and Ether Plummet.

The crypto market experienced a drop on Monday due to insiders selling Ethereum and Bitcoin transactions slowing down. Ethereum Foundation transferred nearly $30 million of tokens to Kraken exchange, indicating they may sell tokens to fund operations. Binance temporarily closed withdrawals, and the Bitcoin network was extremely congested. High fees make crypto almost unusable for anything but the largest transactions, and that's long been a criticism of the industry.