• Tue. Feb 7th, 2023

Dogecoin Loses 10 Cent Mark In Sudden 8% Crash: What’s Happening? – Dogecoin (DOGE/USD)

Dogecoin Loses 10 Cent Mark In Sudden 8% Crash: What's Happening? - Dogecoin (DOGE/USD)

  • Dogecoin DOGE/USD saw a sudden crash of 8% on Monday night to fall below the key 10-cent mark.
  • The meme cryptocurrency traded at $0.09896 amid overall market weakness that saw Bitcoin BTC/USD and Ethereum ETH/USD plunge as well.
  • Two of the world’s largest cryptocurrency exchanges — Binance and FTX — engaging in a public feud is assumed to be taking a toll on the cryptocurrency market. FTX’s native cryptocurrency FTX Token FTT/USD is down nearly 20% over 24 hours.
  • Dogecoin saw a spike late last month after Elon Musk took charge at social media company Twitter but the cryptocurrency dropped after Twitter was reported to be ditching plans for a cryptocurrency wallet.
  • Nearly $6 million has been liquidated in Dogecoin in the past hour, at the time of writing.
  • See Also: Dogecoin Price Prediction

Image and article originally from www.benzinga.com. Read the original article here.