Dogecoin (DOGE) experienced a 7.5% drop in its value as profit-taking occurred, bringing its price down to 36 cents. Despite a surge the previous day due to its logo being displayed on Elon Musk's website, DOGE's gains were pared. In contrast, Solana's SOL increased by 8%. Other major cryptocurrencies had mixed movement, with bitcoin (BTC), ether (ETH), and BNB Chain's BNB gaining less than 1%. The CoinDesk 20 (CD20) returned 2.57%. Hyperliquid's HYPE token saw the largest increase at 13%. Traders are waiting for cues on market positioning from Donald Trump's executive orders and tariff decisions. The market's recovery indicates ongoing interest in risk assets, but new momentum requires an additional factor.
Content Editor ( coindesk.com )
- 2025-01-22
Dogecoin Sinks After Brief D.O.G.E Pump; SOL, HYPE Lead Crypto Rebound
