Why Dogecoin Is Skyrocketing Today
Dogecoin (CRYPTO: DOGE) is surging in Friday's trading following some bullish macroeconomic news. The cryptocurrency's token price was up 9.4% over the past 24 hours of trading as of 12:45 p.m. ET. At the same point in the day, Bitcoin was up 3.4%, and Ethereum had risen 12.2%.
These cryptocurrencies are rising rapidly today thanks to a speech given by Federal Reserve chair Jerome Powell this morning. In the speech, Powell seemed to indicate that the Fed is on track to cut interest rates next month.
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Source Fool.com
