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Dogecoin falls 7% amid broad crypto selloff driven by rising oil, yields, and dollar strength

Market News
07 Oct 2026
Coinpaper
View Source
Bearish
Dogecoin falls 7% amid broad crypto selloff driven by rising oil, yields, and dollar strength

Dogecoin led losses among major cryptocurrencies, dropping about 7% to $0.089 as Bitcoin, Ethereum, and XRP also declined amid a broad market selloff. The selloff is linked to rising oil prices above $100 per barrel, higher U.S. Treasury yields surpassing 5.3%, and a stronger U.S. dollar, all tightening financial conditions for speculative assets like crypto. Dogecoin's decline was sharper, reflecting its higher volatility, and it is now testing key support levels around $0.088 to $0.09. If these levels break, further downside toward $0.086 or lower could follow, signaling caution for investors.

As of Oct 07, 2026 20:26 WIB, Dogecoin is trading at Rp1.583 on Pluang, down 7.16% in the last day, reflecting strong selling pressure with 72% of orders being sell orders. Bitcoin and Ethereum also show declines, with Bitcoin down 3.02% at Rp1.489.713.734 and Ethereum down 5.62% at Rp45.775.007. Dogecoin's sharper drop stands out as the most notable figure among these major cryptocurrencies on Pluang.

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