Why Ethereum, Solana, and Dogecoin Are Falling Today
Shares of several notable cryptocurrencies continued to decline today, as investors digest the fallout from the FTX debacle, which has roiled the crypto market.
Over the last 24 hours, the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH), traded roughly 4% lower as of 12:01 p.m. ET. Meanwhile, the price of Solana (CRYPTO: SOL) traded down 3.7%, while the meme token Dogecoin (CRYPTO: DOGE) was down 2.7%.
FTX, one of the world's largest crypto exchanges, filed for bankruptcy last week after rumors of solvency issues led to a liquidity crunch that drained the exchange of as much as $6 billion in just 72 hours.
Source Fool.com
