Dogecoin Breaks Critical Support After 13% Price Decline

Cover image via U.Today

Dogecoin (DOGE), the dog-themed cryptocurrency, has fallen below the crucial $0.20 mark as the broader crypto market experiences significant selling pressure early this week.

Bitcoin and most digital assets have seen substantial declines in early Tuesday trading, resulting in over $1 billion in liquidations across the market.

The Sunday announcement of a crypto strategic reserve proved insufficient to reverse the downward trend. Analysts warn that the market remains vulnerable to macroeconomic factors in the absence of a specific crypto catalyst or positive narrative.

Following the announcement, cryptocurrencies reversed their initial gains as macroeconomic concerns overshadowed the positive sentiment surrounding the strategic reserve. Previous：Without Next：Without