Dogecoin Down 23% This Week as Bitcoin, XRP Stumble After Rallies
Bitcoin has fallen 12% in the past five days since hitting a new high, while Dogecoin and XRP have fallen sharply after recent milestones.
It's been a tough few days for crypto prices after several weeks of bullish moves, with Dogecoin losing nearly a quarter of its value over the past seven days, and recently-surging Bitcoin and XRP posting significant - but less severe - declines.
Dogecoin, the native and still largest cryptocurrency by market cap, is currently trading at $0.31, down nearly 5% on the day and down 23% over the past seven days, according to CoinGecko data.
Dogecoin’s price rose back to around $0.35 early Saturday after falling to a low of $0.267 on Friday — its lowest price in more than a month. However, that rebound faded over the weekend.
The coin is still up 233% over the past year, but it has lost significant momentum since peaking at $0.48 earlier in December. That was a three-year high for Dogecoin.
Meme coins are notoriously volatile, and other major meme coins have fallen more than Dogecoin over the past week, with Dogecoin (WIF) down 32%, FLOKI (FLOKI) and PEPE (PEPE) down 27%. Shiba Inu (SHIB) has also reversed Dogecoin’s losses, falling 23% this week.
Meanwhile, Bitcoin is down more than 7% this week at $95,140, though it has fallen 12% in the past five days since hitting an all-time high above $108,000. Ripple is down 9% in the past week to $2.21, a significant drop since hitting a seven-year peak of $2.82 earlier this month.
No cryptocurrency among the top 10 by market cap has fallen more than Dogecoin this week, but there are other close contenders: Ethereum is down 16%, Solana is down 18%, and Cardano has lost 19% of its value during that period.
