Why Bitcoin, Ethereum, and Dogecoin All Plunged Today

The cryptocurrency market is crashing on Tuesday with major cryptocurrencies like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) all dropping high-single digits. A traditionally slow week of trading could be at fault, so investors will want to watch momentum once people return to work in the new year. 

As of 2:05 p.m. ET, Bitcoin was down as much as 8.1% in the last 24 hours and is currently down 7.4%. Ethereum had lost 8.3% of its value at one point and is now off 7.3%. Dogecoin is having the worst day of these three, and was down 9.7% at one point and is down 8.7% right now. 

Image source: Getty Images.

Continue reading

Source Fool.com