The cryptocurrency market witnessed a bearish downturn, with Bitcoin (BTC) dropping below $62,000 and Ethereum (ETH) extending below $3,000. While major altcoins like Solana (SOL) also plunged, XRP and Cardano (ADA) defied the trend with slight gains.
Dogecoin (DOGE), the leading meme coin, has experienced a sharp decline of over 6% in the last 24 hours, attributed to the price movement of Bitcoin. As the flagship cryptocurrency dropped from over $66,000 to below $64,000, altcoins like DOGE are known to follow a similar downtrend.
Dogecoin’s latest surge driven by an Elon Musk tweet highlights the cryptocurrency’s reliance on celebrity influence and social media trends. In contrast, the newcomer Option2Trade (O2T) aims to revolutionize DeFi with its robust technological foundations and potential for 2000x growth.
Inspired by the Bitcoin Ordinals Runestone project, a Dogecoin Ordinals initiative called Doge Runestone airdropped 30,272 Dogecoin NFTs this week, adopting a “free and fair” distribution model, and the collection has already seen significant trading activity with a current floor price of around $32.
Dogecoin blockchain enthusiasts have completed a free airdrop of “Doge Runestones,” their version of the popular Bitcoin Ordinals-based Runestone NFTs.
The cryptocurrency market has been dominated by meme coins, with Dogecoin (DOGE), Shiba Inu (SHIB), and the rising star Dogwifhat (WIF) leading the charge with impressive price surges and community support.
The cryptocurrency market has been engulfed in a wave of selling pressure over the past 24 hours, with most digital assets experiencing substantial price declines. This market-wide pullback was primarily driven by Bitcoin’s price crash, which saw the flagship cryptocurrency shed around $3,000 in value. As a result, altcoins, including the beloved meme coin Dogecoin…
Billy Markus, the co-founder of Dogecoin, playfully urged Bitcoin to reach $1 million while he sleeps, igniting discussions within the crypto community about Bitcoin’s potential for disruption and unprecedented growth.
Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin witnessed sharp declines as capital outflows from the Grayscale Bitcoin ETF raised concerns over waning demand. Investors are closely monitoring the shifting narrative around capital flows into the crypto space.
Dogecoin (DOGE) price has rallied over 150% in the past week, reaching a three-year high above $0.20.
