Why Dogecoin Is Plummeting Today
Dogecoin (CRYPTO: DOGE) is seeing another day of sell-offs in Wednesday's trading. The meme coin was down 10.6% over the previous 24 hours of trading as of 6:30 p.m. ET. Meanwhile, Bitcoin was down 1% over the stretch, and Ethereum was down 2.9%.
Dogecoin is moving lower today as investors react to some developments on the legislative front and take profits on the big bullish rally that's played out for the crypto market over the last several months. While the meme coin has seen some pullbacks in recent trading, its token price is still up roughly 26.5% over the last week and 51% over the last three months.
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Source Fool.com
