Why Dogecoin Is Falling Today
Dogecoin (CRYPTO: DOGE) is falling in Thursday's trading. The cryptocurrency's token price was down 3.9% over the previous 24 hours, as of 10:15 a.m. ET. Meanwhile, Bitcoin was down 3.3%, and Ethereum was down 5.2%.
Dogecoin is losing ground today in conjunction with rising macroeconomic risk indicators. The popular meme coin's token price is also seeing bearish pressures in conjunction with recent comments made by CEO Elon Musk.
Dogecoin and other cryptocurrencies have faced bearish pressures this week amid a rising tide of bearish macroeconomic indicators. Tuesday saw the Bureau of Labor Statistics (BLS) publish new job openings data that increased concerns about inflation trends.
Source Fool.com
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