Dogecoin Is Falling Today -- Is It Time to Buy the Cryptocurrency?

Dogecoin (CRYPTO: DOGE) is heading lower again in Tuesday's trading. The cryptocurrency's token price was down 4% as of 5:30 p.m. ET. At the same point in time, Bitcoin was down 2.6% over the last day, and Ethereum had fallen 6.1%.Dogecoin's valuation is falling as investors respond to new tariffs that are set to go into effect after midnight tonight. In particular, investors are worried about the fallout from tariffs on China. The Trump administration confirmed today that tariffs on products imported from China will be set at 104% -- by far the highest level of any country. The potential for negative macroeconomic impacts from the tariffs prompted investors to reduce their holdings in stocks and cryptocurrencies. Dogecoin's token price is now down roughly 52% across this year's trading.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool