Dogecoin Hits 4-Month Low, While Bitcoin, XRP, and Cardano Fall: Why This Round of Dogecoin Isn't Holding Up
Since Trump raised the reserve requirements last week, Bitcoin, XRP, and Cardano have all declined, while Dogecoin continues to fall.
Last Sunday, after President Trump shared his "cryptocurrency reserve" plan, cryptocurrency prices surged, and days later, the plan will officially become a digital asset reserve through an executive order. However, after a tumultuous week, many leading tokens have given up all of those gains and in some cases, the declines are even steeper.
According to CoinGecko data, Dogecoin has seen the largest drop among the top 10 tokens by market cap in the past 24 hours, down nearly 8% to the current price of $0.18. This is the lowest price since early November, when the coin's value was soaring after Trump's election.
In recent weeks, meme coins have generally been affected, with Trump's own TRUMP token on Solana seeing a significant drop after initially rising in January, and the LIBRA token launched by Argentine President Javier Milei in February sparked major controversy.
DOGE has dropped 30% in the past 30 days.
Except for stablecoins pegged to the dollar, all other tokens in the top 10 have also declined, with Bitcoin falling nearly 4% to the current level of $83,250—almost the same as before Trump raised interest rates last Sunday. Ethereum also dropped nearly 4%.
Meanwhile, XRP fell over 7%, currently priced at $2.5, slightly lower than the price of Ripple-related assets before Trump mentioned his reserve plan last Sunday. Another token mentioned by him, Solana, fell 3% that day to $133, also below the level before the surge last Sunday.
Another altcoin mentioned by Trump, Cardano (ADA), performed better in curbing some of the gains but still saw a significant drop that day. ADA fell nearly 7% in the last day, currently priced at $0.72, but it is still up 17% this week due to a significant rise after Trump mentioned it in a Truth Social post last Sunday.
The bear market for altcoins is truly heartbreaking; Bitcoin is king, and TRX isn't bad either.
Since Trump raised the reserve requirements last week, Bitcoin, XRP, and Cardano have all declined, while Dogecoin continues to fall.
Last Sunday, after President Trump shared his "cryptocurrency reserve" plan, cryptocurrency prices surged, and days later, the plan will officially become a digital asset reserve through an executive order. However, after a tumultuous week, many leading tokens have given up all of those gains and in some cases, the declines are even steeper.
According to CoinGecko data, Dogecoin has seen the largest drop among the top 10 tokens by market cap in the past 24 hours, down nearly 8% to the current price of $0.18. This is the lowest price since early November, when the coin's value was soaring after Trump's election.
In recent weeks, meme coins have generally been affected, with Trump's own TRUMP token on Solana seeing a significant drop after initially rising in January, and the LIBRA token launched by Argentine President Javier Milei in February sparked major controversy.
DOGE has dropped 30% in the past 30 days.
Except for stablecoins pegged to the dollar, all other tokens in the top 10 have also declined, with Bitcoin falling nearly 4% to the current level of $83,250—almost the same as before Trump raised interest rates last Sunday. Ethereum also dropped nearly 4%.
Meanwhile, XRP fell over 7%, currently priced at $2.5, slightly lower than the price of Ripple-related assets before Trump mentioned his reserve plan last Sunday. Another token mentioned by him, Solana, fell 3% that day to $133, also below the level before the surge last Sunday.
Another altcoin mentioned by Trump, Cardano (ADA), performed better in curbing some of the gains but still saw a significant drop that day. ADA fell nearly 7% in the last day, currently priced at $0.72, but it is still up 17% this week due to a significant rise after Trump mentioned it in a Truth Social post last Sunday.
The bear market for altcoins is truly heartbreaking; Bitcoin is king, and TRX isn't bad either.