ETH - Why Ethereum Dogecoin and Shiba Inu Plunged This Week
2023-06-16 13:36:52 ET
The crypto market has been in full meltdown mode over the past week as regulators continue to take a closer look at the market and some companies start closing down operations.
According to data provided by S&P Global Market Intelligence , Ethereum (CRYPTO:ETH) has dropped 9.5% over the past week, Dogecoin (CRYPTO:DOGE) fell 10.7%, and Shiba Inu (CRYPTO:SHIB) plunged 15.3%. There are a lot of moving parts, but there are some obvious reasons for the drop this week.
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Why Ethereum, Dogecoin, and Shiba Inu Plunged This Week