Dogecoin (DOGE) Hits Its Highest Price in Months, Nearly Touching $0.23 as Bitcoin Nears Its All-Time High

Dogecoin hit its highest price in months early Saturday, nearly touching $0.23 as the broader crypto market continues to be in a bullish mood—and Bitcoin is sitting mere percentage points away from its own current all-time high.

Dogecoin (CRYPTO: DOGE) is up about 27% over the last week to a current price of $0.225, including an 9% rise in the last day alone. Saturday's earlier price peak is the highest recorded for Dogecoin since March 2, according to data from CoinGecko.

Along with price gains, open interest on Dogecoin is up to its highest level since mid-February, according to CoinGlass, currently sitting at $2.52 billion.

Of course, both marks are still well below their respective peaks: Dogecoin topped out at $0.73 back in 2021 and hasn't come close since, only getting as high as $0.48 in recent months, back in December. And DOGE open interest peaked at $5.5 billion this January, but had fallen as low as $1.3 billion in recent weeks as the price dipped.

As Decrypt reported Friday, Dogecoin isn't the only meme coin to put up sizable gains this week. In fact, last year's viral meme coins like Moo Deng (MOODENG) and Peanut the Squirrel (PNUT) are up much more in the same span, with MOODENG nearly tripling in price this week.

Among the highest-value cryptocurrencies, DOGE is only second to Ethereum (CRYPTO: ETH) in weekly gains, with ETH putting up a massive 32% rise over the last seven days, being powered by the successful Pectra network upgrade and broader market sentiment swings. ETH is currently trading at $2,409.

Bitcoin (CRYPTO: BTC) also remains a key focus for traders, as the leading cryptocurrency by market cap is back above $100,000 following yesterday's LTC rally and nearing touching $104,000 on Friday. At the time of writing, Bitcoin is priced at $103,700—down a mere 5% from its all-time high mark of $108,786 set back in January on President Trump's inauguration day.

Daily crypto market liquidations topped $1.1 billion as of Friday morning, thanks to the market upswing, with Ethereum responsible for most of the damage—and short traders feeling the most pain.