Why Bitcoin, Ethereum, and Dogecoin Lost $55 Billion in Market Cap Today

What happened

Volatility among mega-cap tokens hasn’t taken a breather today. In fact, major cryptocurrencies Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) have seen another day of declines. These tokens fell by 3.6% and 6.7%, respectively, over the past 24 hours, as of 9:30 a.m. ET.

Popular meme token Dogecoin (CRYPTO:DOGE) also saw significant selling pressure today, dropping 3.8% over the same time frame.

Total cumulative losses for these…


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