Bitcoin Plunge! Dogecoin (DOGE) Crashes: Another Crash to All-Time Lows!
The bearish trend of Dogecoin (DOGE) continues in July, despite expectations. As of writing, DOGE is down 6.72% in the past 24 hours, dropping to $0.1116.
The meme coin has now fallen to a low of $0.1103. The asset is currently 84.9% below its all-time high of $0.7376 set on May 8, 2021.
In this context, Dogecoin has seen over $4 million in liquidations in a single day. According to CoinGlass, Dogecoin tops the list of meme coin liquidations.
Even though $4.92 million in liquidations in a single day is lower than Bitcoin’s (BTC) $90.06 million, it is still a noteworthy amount for Dogecoin. At the liquidation threshold, long positions account for $4.87 million of the 41,554,054 Dogecoins liquidated to date.
Markus owns 0.006 BTC and he has recently been debating whether to buy more DOGE or BTC. This may come as a surprise to the DOGE community, but Satoshi Nakamoto said he wanted to buy more BTC, not DOGE.
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