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Why Dogecoin Is Sinking Today

TheMotleyFool

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Dogecoin (CRYPTO: DOGE) is moving lower in Tuesday's trading. The cryptocurrency's token price has fallen 3.7% over the past 24 hours of trading as of 12:55 p.m. ET. Over the same period, Bitcoin is down 2.3%, and Ethereum was down 3.9%.

The cryptocurrency market is getting hit with bearish pressures in today's trading, and Dogecoin is getting hit with sell-offs in conjunction with the trend. While it may seem strange at first glance, it appears recent news from Home Depot is playing a significant role in the latest pullback for the meme coin.

Image source: Getty Images.

Source Fool.com

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