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Why Bitcoin, Ethereum, and Shiba Inu Are Falling Today

TheMotleyFool

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Why Bitcoin, Ethereum, and Shiba Inu Are Falling Today: https://g.foolcdn.com/editorial/images/736450/generic-upward-16.jpg

The price of several cryptocurrencies fell today after the Federal Reserve left interest rates unchanged at the conclusion of its June meeting yesterday but indicated that more rate hikes could be coming later this year.

Since late afternoon yesterday, the price of the world's largest cryptocurrency, Bitcoin (CRYPTO:BTC), traded roughly 2% lower as of 11:11 a.m. ET today, although had been down as much as 3.8% over the last 24 hours.

Meanwhile, the price of the world's second-largest cryptocurrency, Ethereum (CRYPTO:ETH), traded 2.2% lower but had been down close to 6%, while the price of the meme token Shiba Inu (CRYPTO:SHIB) was down about 0.6% after having been down as much as 4%.

Source Fool.com

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