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Why Bitcoin, Ethereum, and Dogecoin Are Rising Today

TheMotleyFool

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Why Bitcoin, Ethereum, and Dogecoin Are Rising Today: https://g.foolcdn.com/editorial/images/706252/generic-upward-10.jpg

Cryptocurrencies continued their ascent this morning, as bond yields dropped and investors got more optimistic about the trajectory of interest rates. There has also been an apparent short squeeze this week for several prominent cryptocurrencies.

Over the last 24 hours, the prices of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) had all made significant gains.

The price of Bitcoin traded roughly 6.6% higher and hovered around $20,777 as of 10:26 a.m. ET today. The price of Ethereum traded roughly 13.4% higher and the price of Dogecoin was up 10.4%.

Source Fool.com

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