Dogecoin
Why Dogecoin is down 1.0% in the last hour
Analysis
Dogecoin slipped about 1.0% over the past hour as a broader market downdraft from a “painful” Bitcoin sell-off pulled major alts, including DOGE, lower alongside declines in crypto-related stocks. Additional pressure came from reports that mining profits have been drying up across networks including DOGE, which can weigh on sentiment around the asset’s near-term fundamentals.
Contributing Factors (3)
'Painful' Bitcoin Sell-Off Drags Ethereum, XRP and Dogecoin Lower as Crypto Stocks Dive
Bitcoin's slide to its lowest point in 21 months slammed the price of leading altcoins, while pressuring crypto stocks on Wall Street.
Dogecoin (DOGE) Adds 116% in 24 Hours Volume: What Do Investors Expect?
Dogecoin's volumes are surging, but the market recovery isn't guaranteed.
Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH
Dogecoin and Litecoin miners face mounting pressure as mining profitability remains low across major proof-of-work assets.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.