Dogecoin co-founder Billy Markus proposed a $1.2 trillion Dogecoin purchase as an alternative to the U.S. government's $5,000 stimulus checks, arguing that direct payments could worsen inflation. Markus highlighted Dogecoin's diminishing inflation rate due to its fixed yearly issuance, suggesting this property makes it a better option. However, the $1.2 trillion figure exceeds Dogecoin's current market cap and total supply value, indicating the idea is more symbolic or humorous than practical. This reflects ongoing concerns about inflation and economic stimulus effectiveness amid worsening consumer sentiment.
On October 15, altcoin spot ETFs for LINK and NEAR attracted new investments, while XRP, SOL, Polkadot, HYPE, BNB, and ZEC experienced net outflows. Notably, the XRP ETF market shifted to a net outflow after a day of inflows, and Solana's ETF extende...
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 ...
The cryptocurrency market experienced $932 million in forced liquidations overnight, the largest since August, with XRP, DOGE, and NEAR among the hardest hit. Most losses (84.3%) were from long positions, especially in Ethereum and Bitcoin. Despite t...
Dogecoin's price dropped 8.6% over the past week to $0.0801, significantly underperforming Bitcoin's 2% decline. This reflects a market rotation where investors shift capital from smaller cryptocurrencies like Dogecoin to larger ones such as Bitcoin....
In the past 24 hours, Bitcoin and Ether experienced significant net outflows of $324 million and $443 million respectively, indicating investors are pulling funds from these major cryptocurrencies. Meanwhile, stablecoins USDC and USDT saw net inflows...
