Why Ethereum and Dogecoin Are Recovering, While Terra Plunged Today
Top-10 cryptocurrencies Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE), and Terra (CRYPTO: LUNA) have had very different days.
Ethereum and Dogecoin each traded down as of 12:10 p.m. ET, losing 0.1% and 1.7%, respectively, over the past 24 hours. That said, these tokens both bounced materially off their lows of the day, signaling some resiliency amid market uncertainty. As of 12:10 p.m. ET, the entire crypto market has followed stocks in recovering through late-morning trading, as investors appear to brush off the hawkish tone set by central bank officials earlier this week.
Image source: Getty Images.
Source Fool.com