Why Bitcoin, Ethereum, and Dogecoin Fell Today
Cryptocurrencies are having another rough day on Tuesday as investors worry about the risk profile of digital assets at a time when one of the biggest funds in the crypto industry is being unwound.
As of 2 p.m. ET, Bitcoin (CRYPTO: BTC) was down 3.6% in the prior 24 hours and fell by 5.6% from its high to its low in that time. Ethereum (CRYPTO: ETH) was down 6.7% and had a max decline of 8.9%. Dogecoin (CRYPTO: DOGE) was off by 4.3% and had a peak decline of 6.5%.
The Three Arrows Capital saga continues, and it's getting stranger by the day. The crypto hedge fund has been ordered to liquidate and has filed for bankruptcy in the U.S., but even its lawyers don't know where its co-founders, Zhu Su and Kyle Davies, are right now.
Source Fool.com
