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Why Dogecoin Dropped 3.2% Today

TheMotleyFool

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Cryptocurrencies are taking it on the chin today as nearly every major coin is falling along with most of the stock market. The value of Dogecoin (CRYPTO: DOGE) is down 3.2% in the last 24 hours as of 2:25 p.m. ET, and is now down 25% in the past month.

Today's sell-off is marketwide and includes almost every cryptocurrency. Investors hoping that investing in crypto assets would be some kind of hedge against market volatility have likely been disappointed.

Image source: Getty Images.

Source Fool.com

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