DOGE Go Up: Ethereum and Solana Hit Hard By Sell-Off—But Dogecoin Makes Gains - Decrypt
Ethereum, Bitcoin, and most other major crypto assets took a hit this morning, but Dogecoin (DOGE), the original meme coin, is pumping....
- The crypto market experienced a downturn, with major digital assets like Ethereum, XRP, and Solana seeing significant losses.
- Dogecoin (DOGE) was the only asset that saw a 4% increase in value over the past 24 hours.
- Dogecoin's trading volume reached $2.7 billion, the highest since April when Elon Musk changed the Twitter logo to a Shiba Inu.
- Ethereum lost its $2,000 per coin level and experienced a 4% decrease in value.
- Bitcoin, the largest digital asset, had a 2% 24-hour decrease but remained above $36,000.
- Bitcoin's dominance in the market slightly decreased to 51%.
- Stablecoins accounted for 89% of the total crypto market's trading volume.
- Solana experienced a 9% decrease in value, while XRP lost over 5%.
- Avalanche lost more than 10% of its value after surging due to news of J.P. Morgan using the blockchain.
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The sentiment of the article is negative, as it highlights the losses and downturn in the crypto market.