Why Dogecoin Is Sinking Today
Since yesterday afternoon, the price of Dogecoin (CRYPTO: DOGE) has traded roughly 4.5% lower, as of 11:31 a.m. ET today. There is no obvious reason behind the move, but it may have to do with new economic data this morning that is indicative of a strong economy.
Weekly jobless claims for the week ending Sept. 20 came in at 218,000 on a seasonally adjusted basis. That's down 14,000 from the prior week and below estimates of 235,000. Jobless claims show people who filed for unemployment benefits for the first time.
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Source Fool.com
