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Why Dogecoin Is Sinking Today
Dogecoin is falling in Friday's trading. The cryptocurrency's token price was down 5.2% over the previous 24 hours of trading as of 1:45 p.m. ET. Meanwhile, Bitcoin and Ethereum were both down 2.5%. Investors are continuing to take profits on cryptocurrencies on the heels of a huge valuation surge that's taken place over the last several months. News that Tesla sold substantial Bitcoin holdings in the second quarter may also be weighing on Dogecoin today. Cryptocurrency valuations recently saw strong run-ups in conjunction with Bitcoin's token price climbing above $123,000 for the first time and the Genius Act ... (full story)
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