Why Bitcoin, Ethereum, and Dogecoin Are Falling Today
The price of most cryptocurrencies fell on Tuesday morning after some hit new highs on Monday night. The price of Bitcoin (CRYPTO: BTC) had dropped roughly 11% as of noon EDT, while the prices of Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) had fallen roughly 12% and 18%, respectively.
The fall in prices seemed to be attributed to market volatility commonly associated with the cryptocurrencies, and as El Salvador looks to implement a law today that will see Bitcoin accepted as legal tender.
Just before falling this morning, Bitcoin hit its highest price level since May at $52,000. Ethereum had traded close to $4,000 on Monday night, while Dogecoin at one point hit over $0.31 per token.
Source Fool.com
