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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Why Bitcoin, Ethereum, and Dogecoin Popped -- Then Dropped

Rich Smith, The Motley Fool
·2 min read
Why Bitcoin, Ethereum, and Dogecoin Popped -- Then Dropped

It's finally Friday, and while this morning it looked like cryptocurrencies would end the week on a high note, things got ugly in a hurry. Buoyed by good news out of investment bank JPMorgan Chase, the price of Bitcoin (CRYPTO: BTC) bounced nearly 2% out of the gate, Ethereum (CRYPTO: ETH) ran past 3%, and Dogecoin (CRYPTO: DOGE) briefly passed a 4% gain. Ethereum (CRYPTO: ETH) -- Elon Musk's new favorite cryptocurrency -- gave up all its gains and now shows a 0.1% loss.

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