ledgernoise.com
Daily Crypto News

Why Bitcoin, Ethereum, and Dogecoin Slumped Today


It’s been a rather choppy day in the cryptocurrency world. The entire crypto market is down 3.9% over the past 24 hours, as of 3 p.m. ET, with Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) leading the way lower. These three major tokens have declined 4.5%, 5.1%, and 7% over the same time frame, outpacing the losses of the overall market.

In the crypto world, these are three of the mostly closely watched cryptos, due to their importance to a wide range of investors. As the world’s largest and second-largest digital assets, Bitcoin and Ethereum are viewed as the benchmarks for the sector. Most of the value being accrued to this space goes to these two tokens, which currently account for well more than half the value of the overall sector. For investors in Dogecoin, plenty can be gleaned from this meme token’s price movements with respect to sentiment in this sector, particularly among speculators.

Let’s dive into what’s driving this price action today.

Continue reading

Source Fool.com



Read More: Why Bitcoin, Ethereum, and Dogecoin Slumped Today

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.