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Why Bitcoin, Dogecoin, and Shiba Inu Are Falling Today

·3 min read
Why Bitcoin, Dogecoin, and Shiba Inu Are Falling Today

Despite a good start for the stock market today, cryptocurrencies struggled as investors digested the Federal Reserve's recently released minutes from its May meeting. At 10:53 a.m. ET, the price of Bitcoin (CRYPTO: BTC) had fallen roughly 2.2% over 24 hours. Meanwhile, the price of Dogecoin (CRYPTO: DOGE) was trading 5.7% lower, and the price of Shiba Inu (CRYPTO: SHIB) was trading 5.5% down.