Major cryptocurrencies decline as Dogecoin leads losses
Updated
Updated · MarketWatch · May 7
Major cryptocurrencies decline as Dogecoin leads losses
11 articles · Updated · MarketWatch · May 7
In US morning trading, Dogecoin fell 2.93% to 11 cents, while XRP dropped 1.58% to $1.40, Ethereum 1.55% to $2,314.19 and Bitcoin 1.55% to $80,511.70.
Avalanche, Sui and Solana also slipped, while only Tronix and Cardano rose modestly. Crypto-linked stocks were mixed, with Coinbase, Strategy, Riot and MARA lower but Tesla, PayPal and Nvidia higher.
The moves extend earlier weakness tied to drying crypto liquidity and investors shifting toward other risk assets, while blockchain-focused ETFs Amplify and Bitwise fell 2.83% and 3.21% respectively.
Bitcoin once mirrored tech stocks. Why is it now signaling a potential global liquidity crisis?
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