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

The crypto markets have seen intense volatility since Bitcoin broke by means of the $100,000 mark for the primary time on December 4, with a number of plunges which have despatched shockwaves that sank different belongings—and piled up liquidations within the course of.

However whereas Bitcoin has largely rebounded from the sizable dips, Dogecoin has misplaced appreciable steam during the last week since popping to a excessive of $0.48 for the primary time since 2021.

At a present worth just under $0.39, Dogecoin is down practically 19% since that peak seen late on December 7. And during the last seven days, together with knowledge from the hours earlier than that latest excessive, DOGE is down 15%.

That makes it the largest loser among the many high 10 cryptocurrencies by market cap, outpacing Cardano with a 13% dip throughout that span, and Solana with a ten% correction. Bitcoin is the one asset within the high 10 that is inexperienced on the week, up 0.7% as of this writing at a present worth of $100,995.

Wanting past the highest 10, different main meme cash within the high 100 cryptocurrencies have posted even sharper losses during the last week.

Dogwifhat (WIF) is the largest loser within the high 100, down 28% throughout that span, whereas Bonk (BONK) has fallen 23%, Brett (BRETT) is down 22%, and Shiba Inu (SHIB) has matched the DOGE dip at 15%.

General, the crypto market has fallen by 3% during the last 24 hours, per knowledge from CoinGecko.