March 5, 2025 at 22:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin (DOGE) Sees Slight Uptick Amidst Bitwise ETF Speculation

As of March 5th, 2025, at 22:00 UTC, Dogecoin (DOGE) is trading at $0.19959509761205, reflecting a 2.41160178% increase over the past 24 hours. The 24-hour trading volume stands at a substantial $1,862,818,802.6579. With a circulating supply of 148,302,966,383.71 DOGE (also its total and maximum supply), the current market capitalization sits at approximately $29,600,545,051.513.

This modest price increase follows recent speculation surrounding the potential approval of a Bitwise Bitcoin ETF. While the proposed ETF focuses on Bitcoin, the cryptocurrency market often experiences correlated movements. The anticipation of increased institutional investment in Bitcoin, spurred by a potential ETF approval, could indirectly boost the price of altcoins like Dogecoin.

The question on many investors' minds is whether this positive momentum could propel DOGE to surpass the $1 mark. While the current price action suggests a degree of optimism, reaching such a significant milestone would require a substantial and sustained increase in demand. Several factors could contribute to such a surge, including broader market trends, increased adoption, and further positive news related to the cryptocurrency space. However, it's crucial to remember that the cryptocurrency market is inherently volatile, and predictions are inherently speculative.

The recent price movement in DOGE underscores the interconnected nature of the cryptocurrency market. While the Bitwise ETF's impact on Dogecoin is indirect, it highlights the potential for ripple effects across various cryptocurrencies based on market sentiment and broader regulatory developments. Investors should proceed with caution, conduct thorough research, and manage their risk appropriately before investing in any cryptocurrency, including Dogecoin.