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Why Dogecoin Is Falling Today

TheMotleyFool

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Dogecoin (CRYPTO: DOGE) is pulling back amid another day of bearish trading for the crypto market. The popular meme coin had fallen 5.8% over the past 24 hours as of 5:10 p.m. ET. Bitcoin had fallen 3.1% over the last day, and Ethereum was down 5.1%.

Crypto valuations have continued to waver as investors try to determine what potential catalysts on the near horizon might rejuvenate bullish momentum. While it's likely that the Federal Reserve will serve up at least one more rate cut this year, some rising risk factors have caused investors to adopt more risk-averse positioning.

Image source: Getty Images.

Source Fool.com

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