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It's a rough time to be an altcoin. Insecurity reigns.A slew of altcoins - a catch-all for most cryptocurrencies except bitcoin and ether - have been harpooned in lawsuits filed by U.S. regulators against exchanges Binance and Coinbase last week, hammering the prices of the tokens.It's big. Over 50

It's a rough time to be an altcoin. Insecurity reigns. A slew of altcoins - a catch-all for most cryptocurrencies except bitcoin and ether - have ......

A large group of cryptocurrencies ave been harpooned in lawsuits filed by U.S. regulators against exchanges Binance and Coinbase

A slew of altcoins - a catch-all for most cryptocurrencies - have been harpooned in lawsuits filed by U.S. regulators against Binance and Coinbase last week.

A slew of altcoins - a catch-all for most cryptocurrencies except bitcoin and ether - have been harpooned in lawsuits filed by US regulators against exchanges Binance and Coinbase last week, hammering the prices of the tokens.

Cryptocurrencies recovered some of their losses a day after Monday’s sell-off when the U.S. Securities and Exchange Commission sued Binance and deemed multiple altcoins unregistered securities.

ALSO: Why Binance's alleged co-mingling of assets isn't the same as FTX's alleged co-mingling of assets.

Citi research strategists say crypto markets were not immune to fears of the U.S. defaulting on its debt.

The underperformance stems from hidden costs of rolling futures contracts every month as they expire called the “contango bleed,” exacerbated by this year’s rebound in BTC price.

Investors awaited a House vote on the debt limit deal, scheduled for Wednesday.