Why Are Dogecoin & Shiba Inu Falling By Over 10% Today?
The cryptocurrency industry witnessed a massive crash. Most assets in the market were losing out on major gains earned throughout the past few months. As the world’s largest cryptocurrency, Bitcoin (BTC), dipped below the $90,000 mark down to a low of $88,273.30, several assets followed suit. The meme coin market was spared, either. Top cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB) were among the biggest losers of the day. Also Read: XRP Price Struggles Below $2.2—What’s Next for the Week Ahead? A Dive Into The Shiba Inu & Dogecoin Markets Source: Watcher Guru The OG meme cryptocurrency Dogecoin dropped by 12.54% over the past 24 hours. The asset went from trading at a high of $0.2334 down to a low of $0.1997. But following a slight recovery, DOGE was trading at $0.2040 during the time of writing. The daily trading volume of the asset shot up by 148% and was at $2.9 billion highlighting the increased selling pressure in the market. Source: CoinMarketCap As seen in the...