Why Bitcoin, Ethereum, and Dogecoin Are Rising Today
Most cryptocurrencies inched higher today along with the broader stock market, which has opened high today. The Dow Jones Industrial Average was up close to 200 points, as of this writing, and the Nasdaq Composite traded roughly 1.6% higher.
Over the last 24 hours, the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), had climbed 2.6% as of 10:17 a.m. ET today. The price of the second-largest cryptocurrency, Ethereum (CRYPTO: ETH), traded 5.6% higher and the price of meme token Dogecoin (CRYPTO: DOGE) traded 2.4% higher.
House Speaker Nancy Pelosi recently traveled to Taiwan, which marked the highest-ranking U.S. official to visit the territory in 25 years. China didn't like the visit, which seemed to concern investors over the last two days and led to back-to-back down days for the market. Now that Pelosi has left Taiwan, the market seems to be taking a breather.
Source Fool.com
