Why Bitcoin, Ethereum, and Dogecoin Dropped and Popped in the Last 24 Hours
Cryptocurrency markets are having another wild day and there have been ups and downs along the way. Values dropped early in trading on Wednesday only to recover slightly in the morning.
As of 10:40 a.m. ET, Bitcoin (CRYPTO: BTC) had traded in a range of $22,779 to as low as $20,071 in the last 24 hours and is currently down 3.9% over that time to $21,247. Ethereum (CRYPTO: ETH) was on an even wilder ride, seeing a high of $1,266 and a low of $1,013, but it's down 7.3% in the last 24 hours to $1,113. Dogecoin (CRYPTO: DOGE) traded as high as $0.0574 and as low as $0.0503 and is currently down 4% at $0.0541.
There are a number of factors impacting crypto trading and most of it is bad news. The Celsius Network continues to be in trouble and users still have frozen accounts. That's causing potential liquidations of leveraged positions and it's unclear what the solution is.
Source Fool.com
