$DOGE 🛑 Dogecoin down 10% as Bitcoin slides to $96K, $560M in longs liquidated⬅️
☑️“History shows that these dips often pave the way for bigger upside moves, especially given where we are in the market cycle,” one market watcher said, while some are predicting a turbulent January.
Dogecoin (DOGE) led the losses among major cryptocurrencies as Bitcoin (BTC) fell to near $96,000, a decline attributed to fresh economic data that sent U.S. Treasury yields higher.
Dogecoin fell 10%, with Solana, ADA, BNB Chain and Ether (ETH) all down at least 7%. Bitcoin fell 5.5%, while the broad-based CoinDesk 20 (CD20), a liquid index that tracks the largest coins by market cap, fell 7.1%.
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