Why Bitcoin, Ethereum, and Dogecoin Plunged Today
The value of cryptocurrencies dropped rapidly on Thursday as investors try to decipher what kind of regulation is coming to the industry in the U.S. The White House appears ready to push for regulation on the cryptocurrency industry and that uncertainty alone is spooking investors.
As of 2 p.m. ET, Bitcoin (CRYPTO: BTC) had dropped 6.3% in the last 24 hours, Ethereum (CRYPTO: ETH) was down 6.2%, and Dogecoin (CRYPTO: DOGE) had fallen 5%. The drop has been pretty steady over the last day and doesn't appear to be stopping at the moment.
Image source: Getty Images.
Source Fool.com
