Why Shiba Inu, Dogecoin, and Cardano Are Falling Hard Today

The prices of Shiba Inu (CRYPTO: SHIB), Dogecoin (CRYPTO: DOGE), and Cardano (CRYPTO: ADA) were all plummeting today on news of potential conflict between Russia and Ukraine. Crypto investors may also be concerned that the U.S. government may soon take a closer look at regulating cryptocurrencies.

Shiba Inu was down by 8.6%, Dogecoin had fallen by 5.3%, and Cardano tumbled 6.8% over the past 24 hours.  

Yesterday, Russian President Vladimir Putin said that he formally recognized the independence of two rebel-held regions in Ukraine and issued an order for Russian troops to go into those areas. 

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Source Fool.com