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

The crypto markets have seen intense volatility since Bitcoin broke by way of the $100,000 mark for the first 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 over the past week since popping to a high of $0.48 for the primary time since 2021.

At a present worth slightly below $0.39, Dogecoin is down practically 19% since that peak seen late on December 7. And over the past seven days, together with information from the hours earlier than that latest excessive, DOGE is down 15%.

That makes it the most important 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.

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

Dogwifhat (WIF) is the most important 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% over the past 24 hours, per information from CoinGecko.