Dogecoin Falls 19% After Hitting 3-Year High Despite Bitcoin Rebound

In Brief:

Dogecoin has dropped 19% since its recent high of $0.48 on December 7, now trading at $0.39.

The crypto market remains volatile, with Bitcoin rebounding but Dogecoin leading losses among top 10 coins.

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After a historic rally that saw Bitcoin surpass $100,000, the broader cryptocurrency market has experienced significant volatility. Among the most notable declines, Dogecoin has lost considerable value, dropping 19% from its 3-year high of $0.48 reached on December 7. Currently priced at $0.39, Dogecoin also recorded a 15% drop over the last week.

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This makes Dogecoin the largest loser among the top 10 cryptocurrencies by market cap, with Cardano down 13% and Solana falling 10% during the same period. Bitcoin, in contrast, has shown resilience, gaining 0.7% over the past week and maintaining its price above $100,995.

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Other meme coins outside the top 10 have seen sharper declines:

• Dogwifhat (WIF): -28%.
• Bonk (BONK): -23%.
• Brett (BRETT): -22%.
• Shiba Inu (SHIB): -15%.

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The overall crypto market dropped 3% in the past 24 hours, reflecting the broader volatility seen across the space.

Dogecoin’s steep correction highlights the volatile nature of the cryptocurrency market, particularly among meme coins. While Bitcoin remains steady, the market downturn raises questions about sustainability and investor sentiment.

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