On Thursday, DOGE fell back to $0.314, dropping nearly 21% in less than two and a half days. It has since slightly rebounded to $0.318, but Dogecoin remains slightly above the beginning of the year level.

In the past few days, Dogecoin has not been the only cryptocurrency to plummet. In fact, Bitcoin dropped from over $100,000 on Tuesday to $91,250 on Thursday, currently slightly rebounding to $91,975.

In the past week among the top 10 cryptocurrencies by market capitalization, DOGE has not been the biggest loser.

That title belongs to Solana, which fell 11% this week, currently priced at $184, marking the lowest since 2025. Both Dogecoin and Bitcoin have dropped about 6% this week, while Ethereum's drop is nearly 8%.

Bitcoin and other assets began to decline on Tuesday due to mixed economic data and market concerns over expectations of reduced interest rates in 2025. Comments from the Federal Reserve meeting on Wednesday further intensified worries about whether the upcoming Trump administration could control inflation in the U.S.