It's been a rough couple of days for the top dog-coin.
Dogecoin (the original meme coin) and one of most valuable crypto currencies on the marketplace, started off the new year in a flurry, jumping up from a $0.314 price to just under $0.40 by January 7th. Dogecoin, the original meme coin and one of the most valuable cryptocurrencies on market, started off this year with a hot streak, jumping from a price $0.314 to just shy of $0.40 on January 7.
DOGE dropped to $0.314 on Thursday. This is a 21% drop in just two-and-ahalf days. Dogecoin has increased slightly, to $0.318 at the time of writing. However, it is still only slightly above where it began the year.
Dogecoin isn't the only coin falling fast over the past couple days. Bitcoin fell from above $100,000 to an all-time low of $91,250 by Thursday. It has since recovered only slightly, to $91,975.
DOGE isn't even the biggest loser in the top 10 cryptocurrencies by market cap over the last week.
That honor goes to Solana, which has plunged by 11% this week to a current price of $184—the lowest price so far in 2025. Dogecoin and Bitcoin are both down about 6% on the week, with Ethereum's dip at nearly 8% as of this writing.
Bitcoin and other assets began falling on Tuesday due to mixed economic data and fears that there would be fewer interest rate cuts in 2025, followed by Fed meeting comments on Wednesday suggesting concern over the ability to control U.S. inflation under President-elect Donald Trump's upcoming administration.
Investors who have exposure to Bitcoin through ETFs may be scared by the price declines on Wednesday. Spot ETFs both showed large outflows Wednesday. Nearly $569 millions were pulled out of Bitcoin funds, and nearly $159 from Ethereum ETFs.