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Bitcoin, Ethereum, and Dogecoin Bounce Back From Last Week's Drop

TheMotleyFool

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Bitcoin, Ethereum, and Dogecoin Bounce Back From Last Week's Drop: https://g.foolcdn.com/editorial/images/790158/person-trading-bitcoin-in-a-wallet.jpg

The crypto market wasn't immune from last week's Wall Street drop on weak economic news, and the value of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) are all down sharply over the past week. But the weekend did give us a slight recovery in values.

Since the market closed on Friday, Bitcoin has risen 3.3%, Ethereum has risen 3%, and Dogecoin has risen 7.1% as of noon ET on Monday.

The reason crypto dropped as much as it did last week was the relatively weak economic data that permeated the market. Jobs data was weaker than expected, and factory orders also indicated the economy could be in contraction mode.

Source Fool.com

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