Why Bitcoin, Ethereum, and Dogecoin Are Trading Higher Today
The big three cryptocurrencies are on the move today. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) are up 2.3%, 2.6%, and 1.7%, respectively, as of 12:30 p.m. ET. Earlier in the day, however, they were up as much as 6.1%, 5.5%, and 4.4%.The three followed a general uptick in the market as a whole, with the S&P 500 (SNPINDEX: ^GSPC)up 0.2% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) up 0.3% on the day.All three saw a boost after comments from the U.S. Commerce Secretary gave investors hope that escalating trade tensions with China, Canada, and Mexico could cool down. Steep tariffs on goods from all three countries went into effect on Tuesday, ending a monthlong pause on those directed at Mexico and Canada. Producers in those two countries now face a 25% duty, while Chinese goods now carry a 20% duty.Continue reading
The big three cryptocurrencies are on the move today. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) are up 2.3%, 2.6%, and 1.7%, respectively, as of 12:30 p.m. ET. Earlier in the day, however, they were up as much as 6.1%, 5.5%, and 4.4%.
The three followed a general uptick in the market as a whole, with the S&P 500 (SNPINDEX: ^GSPC)
up 0.2% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) up 0.3% on the day.
All three saw a boost after comments from the U.S. Commerce Secretary gave investors hope that escalating trade tensions with China, Canada, and Mexico could cool down. Steep tariffs on goods from all three countries went into effect on Tuesday, ending a monthlong pause on those directed at Mexico and Canada. Producers in those two countries now face a 25% duty, while Chinese goods now carry a 20% duty.
