Dogecoin has fallen Below $ 0.20 for the first time in months, marking a significant drop of more than 11% in the last 24 hours. The same corner is currently negotiated at $ 0.201, down 43% in the last month and 72% compared to its peak of $ 0.73 in 2021. This strong decline reflects the wider difficulties on the cryptography market , with other major cryptocurrencies, including Bitcoin and Ethereum, seeing significant losses of 8.3% and 10.1% respectively. The coin sector is not immune to this slowdown, with many parts that see even greater drops.
The pieces even based in Solana like Bonk and the official token of President Trump (Trump) also dropped by more than 14% last week. Likewise, the PEPE Coin room based in Ethereum was hardly affected, continuing the tendency of losses on the same parts market. Meanwhile, Fartcoin, once a token which reached a market capitalization of 2.4 billion dollars, saw its value drop by almost 90%. By currently negotiating at only $ 0.29, Fartcoin is no longer one of the 200 best cryptocurrencies by market capitalization.
The wider market of cryptography has been in troubles, Bitcoin lowering as low as $ 87,115 and Ethereum knowing a similar decrease trajectory. During the editorial staff, the total market capitalization of cryptocurrencies dropped by 8.8%, falling below the 3 dollar billions mark. Analysts attribute these losses to various factors, in particular speculation and uncertainty on future regulations, such as the potential creation of an American Bitcoin national reserve.
In the middle of the slowdown, some tokens managed to work better. Popcat and peanut The squirrel experienced slight increases, up 1% and 5% respectively. However, the global trend remains negative, with significant liquidations. Dogecoin contracts experienced $ 32.37 million in liquidations, while Trump tokens contracts underwent $ 11.39 million in losses.
In light of these recent events, investors are becoming more suspicious of volatility inherent in the cryptography market, especially in the currency space. The unpredictable nature of the market continues to create uncertainty for investors, as shown in the continuous slowdown affecting some of the best known digital assets.
Despite the difficult climate, the cryptocurrency market remains dynamic, the fluctuations continuing to shape the sector. Continuous volatility highlights the risk of investments in digital assets and highlights the need for caution in the face of market conditions.