Why Bitcoin, Ethereum, and Dogecoin Are Falling Today
The major cryptocurrencies pulled back this morning after moving higher over the weekend, as the market turns its full attention to the Federal Reserve's upcoming policy meetings on Tuesday and Wednesday, which are widely expected to culminate in the first cut to interest rates since early 2020.
The world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), traded nearly 3% lower. In comparison, the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH), and the meme token Dogecoin (CRYPTO: DOGE) both fell 5.8%.
There was no obvious reason behind the move this morning, though crypto may be taking a breather after getting a leg up this weekend, and the Fed's meeting is still clouded in mystery. The big question is whether the Fed will lower rates by 25 or 50 basis points.
Source Fool.com
