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Why Bitcoin, Ethereum, and Dogecoin Are Gaining

TheMotleyFool

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Why Bitcoin, Ethereum, and Dogecoin Are Gaining:

Leading cryptocurrencies are climbing again after some volatile trading early in the week. Bitcoin (CRYPTO: BTC), Ethereum's (CRYPTO: ETH) Ether token, and Dogecoin (CRYPTO: DOGE) were up roughly 3.1%, 6%, and 3.8%, respectively, as of 4:15 p.m. EDT on Wednesday.

Top cryptocurrencies fell on Monday as House Democrats announced new tax proposals that could mean higher taxes for high-frequency crypto traders. Comments from SEC Chair Gary Gensler on Tuesday also suggested that components of the broader crypto market could soon face heightened regulatory scrutiny, but Bitcoin, Ethereum, and Dogecoin are still enjoying bullish momentum.

Image source: Getty Images.

Source Fool.com

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