Cryptocurrency markets have seen extreme volatility since Bitcoin first surpassed $100,000 on December 4, with multiple crashes sinking other assets and piling up liquidations in the process.
But while Bitcoin has mostly bounced back from its significant selloff, Dogecoin has lost quite a bit of steam over the past week after hitting a high of $0.48 for the first time since 2021.
Dogecoin, currently priced just below $0.39, is down nearly 19% since its peak late December 7th. And over the past seven days, including data from the hour before the recent high, DOGE is down 15%.
This was the biggest decline among the top 10 cryptocurrencies by market cap, ahead of Cardano, which was down 13% over the period, and Solana, which was down 10%. Bitcoin is the only asset in the top 10 this week, up 0.7% at a price of $100,995.
Beyond the top 10, other major meme coins in the top 100 cryptocurrencies have recorded even bigger losses in the past week.
Dogwifhat (WIF) was the biggest decliner in the top 100, down 28% over the period, while Bonk (BONK) was down 23%, Brett (BRETT) was down 22%, and Shiba Inu (SHIB) was down 28% with DOGE falling. It matched. At 15%.
Overall, cryptocurrency markets are down 3% in the past 24 hours, according to data from CoinGecko.
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