Why Ethereum, Shiba Inu, and Dogecoin Are Falling Today
Many cryptocurrencies have slid this morning as investors await new inflation data tomorrow and grow increasingly concerned about harsher crypto regulation.
Since late afternoon yesterday, the price of the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH), is trading roughly 3.8% lower as of 10:21 a.m. ET. The price of the meme tokens Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are trading 3.3% and 6% lower, respectively.
Tomorrow, the U.S. Bureau of Labor Statistics (BLS) will unveil the latest data for the Consumer Price Index (CPI), which tracks the prices on a market basket of consumer goods and services and is a key means by which investors gauge inflation.
Source Fool.com
