Why Bitcoin, Ethereum, and Dogecoin Slipped Over the Weekend
In the cryptocurrency world, Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) remain three of the most-watched tokens for good reason. Unfortunately, onlookers have seen mostly downside price action over the weekend. Since market close on Friday, these three top digital assets have sunk 4.2%, 2.5% and 11.2%, respectively, as of 12:45 p.m. ET on Monday.
An initial sharp decline was seen in all three tokens in early Saturday trading, in line with the reported escalation of the ongoing conflict between Iran and Israel. While each of these three tokens has made up some of this weekend's initial losses, it's clear that cryptocurrency is not immune from the geopolitical forces driving capital in and out of assets in times of uncertainty.
These moves are also significant because they come ahead of this week's expected Bitcoin halving, in which block rewards for miners will be cut in half. Typically, previous halvings have resulted in a booming price, which has bled into other crypto assets as well.
Source Fool.com
