Here's Why Bitcoin, Ethereum, and Dogecoin Slumped Today
The volatility we've seen become pervasive among risk assets has more than bled through into the cryptocurrency sector. Three of the most-watched (and most valuable) tokens today are Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE). These digital assets have lost 2.9%, 2.8%, and 5.7%, respectively, over the past 24 hours as of 3 p.m. ET.These moves have coincided with a broader pause in other risk assets ahead of what should be a very influential Federal Reserve decision tomorrow. But as is always the case with these high-flying assets, there's more to the story.Let's dive into some of the key drivers affecting demand for these three top cryptos today.Continue reading
The volatility we've seen become pervasive among risk assets has more than bled through into the cryptocurrency sector. Three of the most-watched (and most valuable) tokens today are Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE). These digital assets have lost 2.9%, 2.8%, and 5.7%, respectively, over the past 24 hours as of 3 p.m. ET.
These moves have coincided with a broader pause in other risk assets ahead of what should be a very influential Federal Reserve decision tomorrow. But as is always the case with these high-flying assets, there's more to the story.
Let's dive into some of the key drivers affecting demand for these three top cryptos today.
