Dogecoin Gives Up All of Its 2025 Gains as Bitcoin, Solana Keep Falling

2025-01-10 06:08 loading...

币圈网报道：

It's been a rough couple of days for the top dog-coin.

Dogecoin, the original meme coin and one of the most valuable cryptocurrencies on the market, began the year with a hot streak, jumping from a price of $0.314 to just shy of $0.40 on January 7. But over the last two days, amid a broader market plunge, DOGE shed every bit of those gains.

On Thursday, DOGE fell back to $0.314, plunging by nearly 21% in a matter of about two and a half days. It has risen slightly to $0.318 as of this writing, but Dogecoin remains only slightly ahead of where it started the year.

Dogecoin isn't the only coin falling fast over the past couple days. In fact, Bitcoin plunged from a price above $100,000 on Tuesday to a daily low of $91,250 on Thursday, recovering only slightly to $91,975 as of this writing.

DOGE isn't even the biggest loser in the top 10 cryptocurrencies by market cap over the last week.

That honor goes to Solana, which has plunged by 11% this week to a current price of $184—the lowest price so far in 2025. Dogecoin and Bitcoin are both down about 6% on the week, with Ethereum's dip at nearly 8% as of this writing.

Bitcoin and other assets began falling on Tuesday due to mixed economic data and fears that there would be fewer interest rate cuts in 2025, followed by Fed meeting comments on Wednesday suggesting concern over the ability to control U.S. inflation under President-elect Donald Trump's upcoming administration.

Prices fell into Wednesday, apparently spooking investors who had gained exposure to Bitcoin and Ethereum through ETFs. Both types of spot ETFs showed substantial outflows for Wednesday, as investors pulled nearly $569 million out of Bitcoin ETFs and $159 million from Ethereum funds.