Here’s Why The Dogecoin Price Is Crashing Despite The DOGE ETF Filings

Quick Summary:

The last 24 hours have seen a significant 6% decline in Dogecoin’s price action, marking a swift reversal from the bullish momentum two days ago.

This rapid decline is concerning, especially as it aligns with events that were expected to generate strong bullish momentum for the meme coin.

Some crypto experts have predicted that an eventual launch of a Dogecoin ETF will send the price of Dogecoin to new highs.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Dogecoin Dogeusd Shib Donald Trump Meme coin ETFs Dogecoin price D.O.G.E. Bitwise Doge Department of Government Efficiency Dogeusdt Shiba Inu Doge price Dogecoin Exchange-Traded Funds DOGE news Dogecoin Dogecoin news Ali Martinez

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 03:00:09 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 25388130

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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