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Why Dogecoin Is Plummeting Today

TheMotleyFool

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Dogecoin (CRYPTO: DOGE) is seeing a significant valuation contraction in Thursday's trading. As of 3:30 p.m. ET, the cryptocurrency's token price had fallen 8.4% over the previous 24 hours of trading. Across the same stretch, Bitcoin had dipped 3.7% and Ethereum was down 5.4%.

Dogecoin is getting hit with sell-offs on following commentary from the latest Federal Reserve meeting. News surrounding the U.S.'s trade negotiations with China may also be a significant factor in the pullback.

Image source: Getty Images.

Source Fool.com

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