Why Dogecoin, Bitcoin, and Ethereum All Plunged by More than 13% at Their Lows This Week
If a few small meme tokens see some serious selling pressure, few investors will bat an eye. However, when major cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) all drop by double-digit percentages, the market takes notice.
As of late Thursday evening, Bitcoin, Ethereum, and Dogecoin had fallen by between 13% and 17% relative to where they were at the close of trading on Wall Street last Friday. However, as of noon ET Friday, a rally had brought those cryptocurrencies' weekly declines into the 9% range.
These three tokens don't just follow the broader crypto market -- sometimes, they can move it themselves. A catalyst for any of them is likely to cause ripple effects across the sector.
Source Fool.com
