Polygon fell by over 10% on Feb. 13, as a red wave swept through cryptocurrency markets during Monday’s session. Volatility was high ahead of Tuesday’s U.S. consumer price index release, and with the depegging of BUSD. Cosmos also traded lower to start the week, hitting a 14-day low.

Polygon (MATIC) dropped by as much as 10% to start the week, as the global cryptocurrency market cap plunged on Monday. Following a high of $1.29 on Sunday, MATIC/USD slipped to an intraday low of $1.16 earlier today. Today’s move saw the token fall to its lowest level since February 1, when MATIC was trading at a bottom of $1.06 .

Cosmos (ATOM) was another notable mover on Monday, as it also dropped to a multi-week low. ATOM/USD fell to a floor of $12.85 earlier in the day, which comes less than 24 hours after trading at $13.94. Monday’s drop in price sees ATOM trade at its weakest point since January 30, when the token bottomed out at $12.78.