Dogecoin (DOGE) price declined by more than 6% today, extending its previous downtrend.
DOGE token price is trading at $0.3631 and the market cap is standing at $53.46 billion.
The crypto market is down today due to the Fed’s interest rate cut decision at a recent meeting. Bitcoin briefly plunged below the $100,000 mark and is now trading at around the $101,341 price range whereas Ether’s price decreased by 4% in the last 24 hours. Other altcoins such as XRP, BNB, Solana, and Dogecoin are also dropping, making investors wonder whether the bull rally ended before the new year.
Dogecoin (DOGE) Price (Source: CoinMarketCap)
Dogecoin (DOGE) price has already been falling for the past one month, irrespective of what is happening in the broader crypto market. With the recent Federal Reserves decision to cut interest rates by 25 bps and its influence on the crypto market to cause price falls has made the DOGE price to further plunge today.
Dogecoin fell from around the
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