Dogecoin gives up all its 2025 gains as Bitcoin and Solana continue to fall

It’s been a rough few days for the top dog-coin.

DogecoinThe original meme coin and one of the most valuable cryptocurrencies on the market, started the year on a hot streak, rising from a price of $0.314 to just under $0.40 on January 7. the last two daysin the middle of a broader market fallDOGE lost all these gains.

On Thursday, DOGE fell back to $0.314, plunging nearly 21% in the span of about two and a half days. It has risen slightly to $0.318 at the time of writing, but Dogecoin remains only slightly ahead of where it started the year.

Dogecoin is not the only coin to fall rapidly over the past few days. Actually, Bitcoin plunged from a price above $100,000 on Tuesday to a daily low of $91,250 on Thursday, recovering only slightly to $91,975 as of this writing.

DOGE isn’t even the biggest loser among the top 10 cryptocurrencies by market cap over the past week.

This honor goes to Solanawhich plunged 11% this week to a current price of $184, the lowest price so far in 2025. Dogecoin and Bitcoin are both down around 6% on the week, with EthereumIt’s down to almost 8% as of this writing.

Bitcoin and other assets started to fall on Tuesday due to mixed economic data and fears that there will be fewer interest rate cuts in 2025, followed by comments from the Fed meeting on Wednesday suggesting concerns about the ability to control US inflation under the incoming administration of President-elect Donald Trump.

Prices fell on Wednesday, apparently spooking investors who had gained exposure to Bitcoin and Ethereum through ETFs. Both types of spot ETFs showed important releases for Wednesdayas investors withdrew nearly $569 million from Bitcoin ETFs and $159 million from Ethereum funds.