Why Bitcoin, Ethereum, and Dogecoin Are Falling Today
The cryptocurrency market is getting hit with more sell-offs today. Most top-100 tokens have seen valuation slides, and Bitcoin (CRYPTO: BTC), Ethereum's (CRYPTO: ETH) ether token, and Dogecoin (CRYPTO: DOGE) were down roughly 0.8%, 2.9%, and 2.5%, respectively, over the last 24-hour period as of 5 p.m. ET Thursday.
Rising bearish pressures are gripping the market, and investors have generally become more risk averse lately. Federal Reserve Chairman Jerome Powell made comments yesterday indicating the central bank will raise interest rates soon, and it looks like the increase may be one of many. Uncertainty continues to shape valuations in the crypto space.
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Source Fool.com
