Why Cryptocurrencies Are Moving Wildly Today

Cryptocurrencies continue to have a wild trading week, and Thursday there are sharp moves both moves higher and lower. According to Coinbase's price chart, Bitcoin (CRYPTO: BTC) is down 4.5% over the past 24 hours as of 11:30 a.m. EDT and Dogecoin (CRYPTO: DOGE) is off 2.5%, while Ethereum (CRYPTO: ETH) is up 1.6%. 

Taking a bit of a step back to price movements over the past week, the picture looks little better for cryptocurrencies. Bitcoin is up 9% over the past week, Ethereum is up 11.7%, and Dogecoin is up 4.1%, which shows a much more bullish picture than the price movements today. 

Image source: Getty Images.

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Source Fool.com