Dogecoin surged 9% to a weekly high of nearly $0.46, following Bitcoin’s historic rise above $100,000.
Dogecoin surged 9% to a weekly high of nearly $0.46, following Bitcoin’s historic rise above $100,000. Bitcoin peaked at $103,679 before settling at $102,447, an increase of 49% over the past 30 days. Dogecoin price fell slightly from its peak, but remained the biggest gainer among the top 10 cryptocurrencies by market capitalization. At $0.4518, it surpassed Bitcoin’s 7% rise and Ethereum’s 5% rise.
Bitcoin’s dominance in the crypto market has increased to 56%, with the overall market capitalization reaching $3.8 trillion. This increase in value is largely due to strong institutional interest and favorable regulatory developments. Other meme coins, like Shiba Inu and Pepe, also saw gains, with Shiba Inu rising 6% and Pepe rising 7.5%. Despite these movements, Dogecoin remains the leader in terms of market capitalization in the meme coin space.
Despite these discussions, the latest market developments suggest strong momentum for Dogecoin, driven by the performance of Bitcoin. Dogecoin’s 18% increase in trading volume further supports this bullish sentiment. As Bitcoin’s dominance continues, altcoins like Dogecoin are increasingly expected to continue to benefit from Bitcoin’s success. Traders are awaiting further confirmation that the market is entering altcoin season, with Bitcoin dominance as the key indicator.
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