Why Ethereum, Shiba Inu, and Dogecoin Are Taking a Breather Today

What happened

The crypto market has taken a breather after a nice rally this year, with the price of the world’s largest cryptocurrency, Bitcoin (BTC -1.10%), falling back to roughly $22,500 after briefly topping $23,000 earlier this week.

Since late afternoon yesterday, the price of the second-largest cryptocurrency, Ethereum (ETH -4.12%), traded roughly 4.5% lower as of 10:56 a.m. ET today. Meanwhile, the price of the large meme tokens Shiba Inu (SHIB -5.55%) and Dogecoin (DOGE -4.49%)


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