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Dogecoin briefly dips below $0.08 amid rising US inflation and Bitwise ETF closure.

Market News
15 Oct 2026
Tokenpost
View Source
Bearish
Dogecoin briefly dips below $0.08 amid rising US inflation and Bitwise ETF closure.

Dogecoin (DOGE) briefly fell below $0.08 on October 15, hitting $0.0789 before recovering to around $0.0805. This price movement coincided with the release of the US Consumer Price Index (CPI) data showing a 3.7% annual increase in inflation through September, up from 3.4% in August. Additionally, Bitwise's BWOW exchange-traded fund, which held DOGE, ceased trading on October 14, with its DOGE assets being converted to cash and distributions to shareholders scheduled for October 22. These events reflect short-term market reactions to inflation data and ETF adjustments.

While Dogecoin briefly dipped below $0.08 following the US inflation report, on Pluang it trades at Rp1.450, down 1.09% as of Oct 16, 2026 07:01 WIB. This price contrasts with its relatively high market cap of Rp227,32 trillion and active trading volume of Rp30,23 trillion. The platform shows a majority of buyers at 64%, with a typical hold time of 110 days, indicating sustained interest despite short-term volatility.

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