Why Is Dogecoin Crashing Massively Today

Dogecoin (CRYPTO: DOGE) traded 22.3% lower at $0.09 over 24 hours leading up to Wednesday morning.

The Dogecoin crash comes amid a wider market crash that is impacting U.S. equities and cryptocurrencies at large. Nasdaq futures were down 1.65% at the time of writing. Other major coins posted massive losses as well, with the global cryptocurrency market cap dropping 12.65% to $1.3 trillion. 

Dogecoin Price Performance

Time-frame
% Change (+/-)

24-hour
22.03%

24-hour against Bitcoin
-12.4%

24-hour against Ethereum
-10.5%

7-day
-28%

30-day
-38.8%

YTD performance

-50%

See Also: Best USDC Interest Rates

The DOGE Factors

DOGE was not among the most mentioned coins on Twitter at press time, according to Cointrendz data. DOGE was seen trending on CoinMarketCap at press time
The 24-hour trading volume for DOGE fell 34% to …

Full story available on Benzinga.com

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