ETH - Why Ethereum Dogecoin and Shiba Inu Are Falling This Week
2023-05-11 14:27:51 ET
Many cryptocurrencies struggled this week due to sectorwide concerns related to the large crypto exchange Binance. Highly anticipated economic data also failed to excite crypto investors.
The world's second-largest cryptocurrency, Ethereum (CRYPTO: ETH), traded roughly 8.7% lower for the week as of 1:56 p.m. ET Thursday, according to data from S&P Global Market Intelligence .
Meanwhile, the prices of the meme tokens Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) had fallen 10.2% and 11.5%, respectively.
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Why Ethereum, Dogecoin, and Shiba Inu Are Falling This Week