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Why Cryptocurrencies XRP, Dogecoin, and Shiba Inu Are Falling Today

Cryptocurrencies pulled back after a big run yesterday and as the Federal Reserve sets to conclude its final meeting of the year, likely with a rate cut of 25 basis points. The meme tokens Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) traded 4.3% and 4.6% lower, respectively. Cryptocurrencies, and more specifically Bitcoin, have rallied this week after President-elect Donald Trump said he would like to create a strategic Bitcoin reserve like the country's strategic oil reserve.