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Why Bitcoin, Ethereum, and Dogecoin Popped Today

TheMotleyFool

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Why Bitcoin, Ethereum, and Dogecoin Popped Today: https://g.foolcdn.com/editorial/images/746037/person-trading-bitcoin-in-a-wallet.jpg

Cryptocurrencies have rallied sharply this week, but that rally cooled off over the last 24 hours. Tuesday's jump was driven by Grayscale's win over the U.S. Security and Exchange Commission (SEC) in court, which could pave the way for more crypto ETFs, but the rally hasn't lasted.

Between noon ET on Tuesday and 3:15 p.m. ET on Wednesday, the value of Bitcoin (CRYPTO: BTC) fell 2.7%, Ethereum (CRYPTO: ETH) was down 1.9%, and Dogecoin (CRYPTO: DOGE) dropped 2.1%. But the cryptocurrencies are up 2.9%, 1.4%, and 2.2% over the past week, so there has been a rally overall.

Image source: Getty Images.

Source Fool.com

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