Why Bitcoin, Ethereum, and Dogecoin Are Losing Ground Today
Today's price action in the cryptocurrency world has been choppy, with many of the top tokens that investors watch closely seeing big declines over the past day. As of 3:30 p.m. ET on Tuesday, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) had declined 3.9%, 4.9%, and 5.3%, respectively, over the past 24 hours.
These moves appear to be the result of a shifting narrative in the crypto world. With more investors now focused on the flow of funds into this asset class, more recognition is being placed on the supply and demand of capital flows into this sector.
Accordingly, the capital inflows into spot Bitcoin ETFs, such as the Grayscale Bitcoin ETF (NYSEMKT: GBTC), have become a much more pertinent focal point for Bitcoin and the entire sector in general.
Source Fool.com
