Why Bitcoin, Ethereum, Dogecoin, and Shiba Inu All Plunged Today

It's safe to say the cryptocurrency market is crashing today as the market sells almost every asset class on news of Russia invading Ukraine. The riskiest assets, like cryptocurrencies, have been among the hardest hit. 

In the last 24 hours, Bitcoin (CRYPTO: BTC) has fallen as much as 11.2%, Ethereum (CRYPTO: ETH) fell 15%, Dogecoin (CRYPTO: DOGE) dropped 18.2%, and Shiba Inu (CRYPTO: SHIB) fell a whopping 20% at its low. The selling hit peak frenzy overnight and as equity markets open in the U.S. the values of cryptocurrencies have seemed to stabilize somewhat. 

Image source: Getty Images.

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Source Fool.com