Dogecoin (DOGE) dropped 18% from June 1 to June 6, hitting its lowest since February 2024 at around $0.07. This decline occurred despite expectations that SpaceX's upcoming IPO on June 12 might boost DOGE, due to Elon Musk's past association of Dogecoin with SpaceX missions. The broader crypto market weakness, triggered by Bitcoin falling below $60,000, caused widespread selling pressure. Trader confidence in DOGE is low, with futures open interest and ETF inflows declining, while technical indicators suggest continued bearish momentum. Investors will watch if oversold conditions prompt a rebound or if DOGE falls further after the IPO.
In a snapshot of perpetual futures on October 18, Dogecoin (DOGE) showed the highest positive funding rate among five major cryptocurrencies, at 0.0085% per eight hours (9.3% annualized). This means traders holding long positions in DOGE pay those wi...
Bitcoin fell 0.85% to $80,967, while the overall cryptocurrency market capitalization declined 4.85% to $2.70 trillion. Ether, XRP, BNB, Solana, and Dogecoin also saw notable losses, with Dogecoin dropping the most among major coins at 4.30%. Bitcoin...
Bitcoin increased by 0.57% to $81,983 while the overall cryptocurrency market capitalization declined by 3.47% to $2.74 trillion. Major cryptocurrencies showed mixed performance: Ether fell 0.40%, Dogecoin dropped 0.31%, XRP slightly gained 0.05%, BN...
On October 18, Bitcoin topped crypto perpetual-futures markets with the highest funding rate of 0.0100% every eight hours, or 10.9% annualized, indicating strong long position demand. Long accounts outnumbered shorts across all five major assets, inc...
Bitcoin's price increased by 0.31% to $81,801, standing out as the only major cryptocurrency to gain amid a 2.75% drop in the total crypto market value to $2.76 trillion. Ether, XRP, BNB, Solana, and Dogecoin all saw declines, with Dogecoin experienc...
