Why Dogecoin Is Sinking Today
Dogecoin's (CRYPTO: DOGE) valuation is slipping Thursday. As of 11 p.m. ET today, the cryptocurrency was down 5.1% from its pricing level at 4 p.m. ET Wednesday. Over the same period, Bitcoin and Ethereum had fallen 0.8% and 4%, respectively.
Crypto investors got some good news with the latest update on interest rate policy from the Federal Reserve yesterday, but the resulting bullish momentum proved to be short lived. published its fiscal Q2 results after the market closed yesterday, and the results spurred sell-offs for Dogecoin and other cryptocurrencies.
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Source Fool.com
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