Why Bitcoin, Ethereum, and Dogecoin Dropped Today
The value of major cryptocurrencies fell on Thursday as the stock market dropped and investors worried about inflation and the continuing Russian invasion of Ukraine. This follows a day when prices shot higher after President Joe Biden signed an executive order to study digital assets and investors hoped U.S. regulators would finally define rules for cryptocurrencies.
As of 1 p.m. ET, Bitcoin (CRYPTO: BTC) had fallen as much as 8% in the last 24 hours, Ethereum (CRYPTO: ETH) was off as much as 6.3%, and Dogecoin (CRYPTO: DOGE) was down 7.4%.
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Source Fool.com
