BTC - Why Bitcoin Ethereum and Dogecoin Are Taking a Breather Today
2024-05-28 15:15:41 ET
As we kick off a short week, investors in a range of speculative assets are seeing selling pressure build. Of course, there are plenty of macro reasons for this trepidation. Some rather important inflation readings are due later this week, which could impact everything from growth stocks to commodities to cryptocurrencies . Everything is tied to interest rates these days.
In the crypto world, Bitcoin (CRYPTO: BTC) , Ethereum (CRYPTO: ETH) , and Dogecoin (CRYPTO: DOGE) are among the megacap tokens seeing declines today. Over the past 24 hours, these three top tokens have slumped 3.8%, 3.5%, and 4%, respectively, as of 2:30 p.m. ET.
Let's dive into what's driving today's price action in these top tokens.
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Why Bitcoin, Ethereum, and Dogecoin Are Taking a Breather Today