ETH - Why Bitcoin Ethereum and Polkadot Are Falling Today
Many cryptocurrencies fell today ahead of the release of the Federal Reserve's meeting minutes from its most recent meeting, which concluded on Feb. 1. However, once the minutes were released nothing seemed to move the market too dramatically.
Since late afternoon yesterday, the price of the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC) , traded about 3% lower as of 2:46 p.m. ET today. Meanwhile, the price of the world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH) , traded 3.3% lower, while the price of the Chinese altcoin Polkadot (CRYPTO: DOT) was down 3.4%.
After a nice run-up for the stock market and cryptocurrencies to start the year, investors have started to get more doubtful.
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Why Bitcoin, Ethereum, and Polkadot Are Falling Today