Here's Why Bitcoin, Ethereum, and Dogecoin Plunged This Weekend
The cryptocurrency market started dropping on Friday but the sell-off hit a peak early on Saturday as investors try to digest a number of macro news items that could impact all markets around the world. The most pressing concern is rising tension between Russia and Ukraine and the Federal Reserve potentially calling an emergency meeting for Monday.
As of 1:40 p.m. ET, Bitcoin (CRYPTO: BTC) was down 1.1% in the last 24 hours but had fallen as much as 3.4% earlier in the day. Ethereum (CRYPTO: ETH) was down 3.5% but fell as much as 6.7% in 24 hours, with a 13% gap from its Thursday peak to its Saturday low. Dogecoin (CRYPTO: DOGE) is down 3.4% in the last 24 hours, but like Ethereum was down 17% from its peak earlier in the week to the lows of this morning.
Image source: Getty Images.
Source Fool.com
