Why Bitcoin, Ethereum, and Dogecoin Are Surging Today | Bitcoin

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Today’s CPI report turns out to mean a great deal to crypto investors.

Bitcoin (BTC 2.95%) has made another notable 24-hour move today, increasing 2.6% since 4 p.m. ET yesterday (as of 1:30 p.m. ET), with Ethereum (ETH 5.82%) and Dogecoin (DOGE 5.07%) also catching a bid, surging 3.8% and 4.4, respectively, over the same time frame.

These moves have taken Bitcoin back toward the pivotal $100,000 mark, with the world’s largest digital asset continuing to hover around this critical level. Ethereum’s and Dogecoin’s outsize moves make sense in the context of the larger dynamics that are typically at play with respect to these three megacap projects, but let’s dive into what’s happening beneath the surface and driving such broad momentum in the crypto market as a whole and for these three projects in particular.

It’s a macro day, baby

Most…more

Source www.fool.com

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