The global cryptocurrency market has experienced a 3.27% decrease, resulting in a total market capitalization of $2.9 trillion, with the 24-hour trading volume dropping by 3.69% to $307.23 billion. Dogecoin (DOGE) is currently being traded at $0.3842, with its 24-hour trading volume showing a significant increase of 35.34% to reach $36.67 billion. Despite experiencing a slight daily decline of 6.55%, DOGE’s market capitalization remains strong at $56.39 billion, solidifying its position as the sixth-largest cryptocurrency.
Over the past 24 hours, Dogecoin surged by 51.94% to reach an intraday high of $0.4198, marking its highest level in over three years. This rally has propelled Dogecoin’s year-to-date gains to over 140%, driven by significant market-moving events such as Donald Trump’s election victory and an unexpected rate cut by the Federal Reserve.
