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Why Ethereum, Dogecoin, and Bitcoin Cash Are Slumping Today

From fool.com

Many of the closest-watched large-cap cryptocurrencies are seeing significant selling pressure in the market today. Ethereum (ETH -1.54%), Dogecoin (DOGE -1.95%) and Bitcoin Cash (BCH -1.64%) have dropped 4.5%, 5.8%, and 3.8%, respectively, over the past 24 hours as of 2:30 p.m. ET. These moves come despite relatively strong price action in the stock market, with a number of more speculative meme stocks surging today. With cryptocurrencies associated closely with these assets (particularly when we're talking about meme tokens such as Dogecoin), one needs to ask the question -- what's going on here? It does appear ... (full story)

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  • Category: Fundamental Analysis