August 1, 2025 at 17:00 Dogecoin latest price

(24-hour Dogecoin price trend)

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Dogecoin (DOGE) Sees Price Dip Amidst Wider Crypto Market Volatility

As of August 1, 2025, at 17:00, Dogecoin (DOGE) is trading at $0.2028575834499. While boasting a substantial 24-hour trading volume of $2,608,399,331.5899, the popular meme coin has experienced a price decrease of -9.48926807% over the past 24 hours.

This decline comes amidst a broader market downturn, with Bitcoin (BTC) notably dipping to $115,000, triggering the liquidation of a significant $600 million worth of bullish positions. This ripple effect has impacted several altcoins, including Dogecoin, Solana (SOL), and XRP, all experiencing drops of approximately 6%.

Currently, Dogecoin's circulating supply stands at 150,334,446,383.71 DOGE, mirroring both its total and maximum supply figures. This equates to a circulating market capitalization of $30,496,482,502.677, placing Dogecoin among the top cryptocurrencies by market cap.

Market Sentiment and Potential Rebound

The recent market volatility has fueled speculation about a potential rebound. While the liquidation of bullish positions in Bitcoin and the subsequent altcoin dips paint a concerning picture, some analysts suggest that these pullbacks could be healthy corrections, paving the way for renewed upward momentum. Furthermore, the recent surge of PUMP by 30% indicates that some altcoins are experiencing positive momentum despite the overall bearish trend.

Looking Ahead

Whether Dogecoin can recover from this recent dip remains to be seen. The cryptocurrency market is inherently volatile, and various factors, including regulatory news, macroeconomic conditions, and overall investor sentiment, can significantly impact prices. Investors are advised to exercise caution and conduct thorough research before making any investment decisions. Monitoring market trends, particularly Bitcoin's performance, and keeping abreast of developments within the Dogecoin community will be crucial for navigating the current market conditions.