Dogecoin Down 19% Since Hitting 3-Year High—Despite Bitcoin Rebound – Decrypt

Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.

The crypto markets have seen intense volatility since Bitcoin broke through the $100,000 mark for the first time on December 4, with multiple plunges that have sent shockwaves that sank other assets—and piled up liquidations in the process.
But while Bitcoin has mostly rebounded from the sizable dips, Dogecoin has lost considerable steam over the last week since popping to a high of $0.48 for the first time since 2021.
At a current price just below $0.39, Dogecoin is down nearly 19% since that peak seen late on December 7. And over the last seven days, including data from the hours before that recent high, DOGE is down 15%.
That makes it the biggest loser among the top 10 cryptocurrencies by market cap, outpacing Cardano with a 13% dip during that span, and Solana with a 10% correction. Bitcoin is the only asset in the top 10 that’s green on the week, up 0.7% as of this writing at a current price of $100,995.
Looking beyond the top 10, other leading meme coins in the top 100 cryptocurrencies have posted even sharper losses over the last week.
Dogwifhat (WIF) is the biggest loser in the top 100, down 28% during that span, while Bonk (BONK) has fallen 23%, Brett (BRETT) is down 22%, and Shiba Inu (SHIB) has matched the DOGE dip at 15%.
Overall, the crypto market has fallen by 3% over the last 24 hours, per data from CoinGecko.
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
Crypto Casino Duelbits is keeping the energy high this November with its $100,000 November Reign Raffle, giving players plenty of reasons to stay active throughout the month. The promotion, running until November 30, 2025, rewards regular play with raffle tickets that could lead to a share of an impressive $100,000 prize pool, including a top…
Lisbon, Portugal, May 28th, 2024, Chainwire ORACLE MEME Coin (OMEME) has made an impact in the cryptocurrency market, raising $208,000 within minutes of its presale launch. This rapid fundraising has positioned OMEME as a significant new entrant in the meme coin sector, attracting attention and participation from the community. Key Milestones and Developments The presale…
Circle is facing a lot of community backlash after publicizing plans to make USDC transactions reversible. The firm argued that this could prevent crimes, but might change DeFi forever. This measure could recreate TradFi centralization on the blockchain, creating new pressure for DEXs and liquidity pools to do likewise. Some critics don’t believe reversible transactions…
Prominent crypto pundit Paul Barron highlights the unfolding fragmentation of global finance, revealing the true motive behind XRP’s existence. In a recent X post, Barron, the host of the Paul Barron Network (PBN), indicates that banks are currently racing to launch their own stablecoins. Banks Pursuing Separate Stablecoin Initiatives He pointed out that financial institutions,…
Rising Telegram crypto game Tomarket is approaching its TOMA token launch and airdrop on October 31 via The Open Network, which means there’s only a couple weeks left for players to rack up tomatoes that will lead to a share of the token drop. Tomarket offers various ways to earn tomatoes, including by farming them…
Jessie A Ellis Apr 23, 2025 12:04 Bitfinex releases Change Log Version 1.114, introducing new features, improvements, and bug fixes to enhance user experience on its trading platform. Bitfinex has announced the release of Change Log Version 1.114, marking a series of updates aimed at enhancing the…