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Benzinga
Benzinga
Business
Henry Khederian

Why Bitcoin, Ethereum And Dogecoin Were Volatile Today

Bitcoin US Federal Reserve Inflation

Several popular cryptocurrencies, including apex crypto Bitcoin (CRYPTO: BTC), second-largest market cap crypto Ethereum (CRYPTO: ETH) and meme crypto Dogecoin (CRYPTO: DOGE) have experienced marked weakness in recent sessions.

Cryptocurrencies are experiencing volatility Tuesday amid raised fears of an economic slowdown as investors continue to assess last Wednesday's Fed commentary and 75 bps rate hike. An economic slowdown could negatively impact discretionary spending.

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