Dogecoin (DOGE) Plunges as Bitcoin Concerns Spark Market Weakness

Dogecoin (Doge) se plonge alors que le bitcoin concerne la faiblesse du marché étincelant

As of February 6th, 2025, 11:00 PM ET, Dogecoin (DOGE) is trading at $0.24882131374028, a 5.46393474% decline in the past 24 hours. The recent sell-off in the digital asset market, largely driven by concerns surrounding Bitcoin (BTC), has dragged Doge and other altcoins down.

As of February 6th, 2025, 11:00 PM ET, Dogecoin (DOGE) is trading at $0.24882131374028, a 5.46393474% decline in the past 24 hours. The recent sell-off in the digital asset market, largely driven by concerns surrounding Bitcoin (BTC), has dragged Doge and other altcoins down.

Significant Price Drop

Significant Price Drop

The latest price action marks a significant drop for Doge, which soared to all-time highs of over $0.70 in May of 2021. Since then, it has retraced a substantial portion of its gains, hovering around the $0.25 mark for most of 2024.

La dernière action de prix marque une baisse significative pour Doge, qui a grimpé en hausse de plus de 0,70 $ en mai 2021. Depuis lors, il a retracé une partie substantielle de ses gains, oscillant autour de 0,25 $ pendant la majeure partie de 2024.

Market Cap and Supply

Market Cap and Supply

The circulating supply of Doge currently stands at 147,934,746,383.71, with a total supply and maximum supply both unknown. With a circulating market cap of $36,809,317,943.029, Doge remains one of the largest altcoins by market capitalization.

L'offre en circulation de DOGE s'élève actuellement à 147 934 746 383,71, avec une alimentation totale et une alimentation maximale à la fois inconnus. Avec une capitalisation boursière en circulation de 36 809 317 943,029 $, Doge reste l'un des plus grands altcoins par capitalisation boursière.

Elon Musk's Continued Involvement

L'implication continue d'Elon Musk

Elon Musk, the CEO of Tesla and SpaceX, has remained a vocal supporter of Doge. Recently, he hinted at the possibility of integrating Doge payments into Twitter, the social media platform he acquired in 2022. However, it remains unclear whether Musk's intentions for Doge extend beyond occasional tweets and public statements.

Elon Musk, the CEO of Tesla and SpaceX, has remained a vocal supporter of Doge. Recently, he hinted at the possibility of integrating Doge payments into Twitter, the social media platform he acquired in 2022. However, it remains unclear whether Musk's intentions for Doge extend beyond occasional tweets and public statements.

Outlook for Altcoins

Outlook for Altcoins

The current market weakness raises concerns about the future of altcoins in general. As Bitcoin continues to fluctuate, altcoins often follow suit due to their correlation. Some analysts are predicting further downturns in the altcoin sector as the market adjusts to evolving macroeconomic conditions and concerns about the sustainability of the cryptocurrency rally.

The current market weakness raises concerns about the future of altcoins in general. As Bitcoin continues to fluctuate, altcoins often follow suit due to their correlation. Some analysts are predicting further downturns in the altcoin sector as the market adjusts to evolving macroeconomic conditions and concerns about the sustainability of the cryptocurrency rally.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is essential to conduct thorough research and consult with financial professionals before making any investment decisions.

Avertissement: Cet article est à des fins d'information uniquement et ne doit pas être interprétée comme des conseils financiers. Il est essentiel de mener des recherches approfondies et de consulter les professionnels de la finance avant de prendre des décisions d'investissement.