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Why Ethereum, Shiba Inu, and Dogecoin Are Falling Today

TheMotleyFool

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Why Ethereum, Shiba Inu, and Dogecoin Are Falling Today: https://g.foolcdn.com/editorial/images/713315/generic-downward-8.jpg

Cryptocurrencies struggled today as the industry continues to deal with the fallout of the FTX meltdown and assess broader contagion. Furthermore, investors are also still digesting the Federal Reserve's final meeting of the year earlier this week.

Since late yesterday afternoon, the price of the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH), traded 6.2% lower as of noon today. The price of Ethereum had fallen below $1,200.

The price of the meme tokens Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) were down 6.4% and 4.6%, respectively.

Source Fool.com

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