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Dogecoin Drops Even As Bitcoin, Ethereum Rise — What's Going On?

Published 28/04/2022, 09:34
© Reuters. Dogecoin Drops Even As Bitcoin, Ethereum Rise — What's Going On?

Dogecoin (CRYPTO: DOGE) traded 1.4% lower at $0.14 in the 24 hours leading up to early Thursday morning.

DOGE broke away from major coins to trade lower at press time as the global cryptocurrency market cap increase 1.1% to $1.8 trillion.

24-hour-1.4%
24-hour against Bitcoin-3.5%
24-hour against Ethereum-2.4%
7-day-0.1%
30-day-4.8%
YTD performance

-19.5%
  • Dogecoin was seen trending on CoinMarketCap at press time.
  • DOGE was among the most mentioned coins on Twitter (NYSE:TWTR). It attracted 1,143 tweets at press time, according to Cointrendz data. The three most mentioned coins were XRP, Bitcoin, and Ethereum
  • The 24-hour trading volume for DOGE fell 58.4% to $1.62 billion, according to CoinMarketCap data
  • Data from Coinglass showed that $5.48 million worth of DOGE futures were liquidated in the preceding 24 hours as the meme cryptocurrency dropped in value at press time

EU To Discuss Money Laundering Rules For Dogecoin, Other Cryptos The European parliament, commission, and council will begin talks on anti-money laundering rules for cryptocurrency transactions, including those made in DOGE, on Thursday. This is the last stage before laws are enacted. Industry experts have decried the rules as against privacy and innovation.

DOGE On The Web DOGE developer Lola is running a free Dogecoin workshop at the Paris P2P Festival on April 29, tweeted the official handle for the meme coin.

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© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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