Why Bitcoin, Dogecoin, Ethereum, and Shiba Inu Bounced Off Lows Today
Volatility strikes again for mainstream cryptocurrencies. The drop in crypto that began a week ago hit a low point very early Wednesday morning, but the industry has bounced back slightly since then.
According to Coinbase, Bitcoin (CRYPTO: BTC) fell to as low as $58,380 early this morning, but is now down just 0.64% in the past 24 hours to $60,191 as of 4:10 p.m. ET. Ethereum (CRYPTO: ETH) had a similar move, hitting a low around $4,068 late last night, and is now down just 0.15% to $4,249.
Meme coins have have recovered most of their losses as well. Dogecoin (CRYPTO: DOGE) was down as much as 4% today and is now down just 0.8% in the past 24 hours. Shiba Inu (CRYPTO: SHIB) was down 5% and is now off just 1.8%.
Source Fool.com
