Why Bitcoin, Ethereum, and Dogecoin Are Falling Today
After starting Monday with uncharacteristically stable trading, top cryptocurrencies are now losing ground. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin's (CRYPTO: DOGE) tokens were down 2.9%, 5.4%, and 4.5%, respectively, over the previous 24-hour period as of 5 p.m. EST.
While potential new regulatory developments in the U.S. have previously been a source of crypto market volatility without amounting to much, it looks like some major changes could be coming soon. According to a report from Bloomberg, President Joe Biden will sign an executive order this week that will direct federal agencies to research potential regulations for cryptocurrencies, and the development is triggering sell-offs.
Image source: Getty Images.
Source Fool.com
