BTC - Why Bitcoin Ethereum and Litecoin Are Falling Today
2023-05-24 12:33:42 ET
Several of the largest cryptocurrencies fell today in what appeared to be a move driven by macro fears, uncertainty about the debt ceiling, and ahead of the release of the Federal Reserve's May meeting minutes today.
Since late afternoon yesterday, the price of the world's largest cryptocurrency Bitcoin (CRYPTO: BTC) traded 3% lower as of 11:45 a.m. ET today. Meanwhile, the price of the world's second-largest cryptocurrency Ethereum (CRYPTO: ETH) traded 3.2% lower, while the price of Litecoin (CRYPTO: LTC) was down 5.3%.
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Why Bitcoin, Ethereum, and Litecoin Are Falling Today