Dogecoin (DOGE) is up 7.7% over the past 24 hours, trading above its three-week high of $0.103 on Tuesday morning, according to data from CoinGecko.

The industry’s first and largest meme coin now boasts a market capitalization of over $14 billion—a hefty increase of roughly $1.5 billion since yesterday—and is also the best-performing digital asset among the top 10 largest cryptocurrencies on the day.

The latest price action comes in the wake of DOGE surging over 22.5% in a week’s time on Monday, most likely spurred by ongoing—yet unconfirmed—speculations that the meme coin could become part of Twitter’s potential plans for rolling out its own payment system.

Dogecoin
DOGE
+49.92%$0.2437
24H7D1M1YMAX
Created with Highcharts 10.3.3Jun 24Jun 26Jun 28Jun 30Jul 2Jul 4Jul 6Jul 8Jul 10Jul 12Jul 14Jul 16Jul 18Jul 20Jul 22Jul 24Jul …$0.15$0.175$0.2$0.225$0.25$0.275$0.3
Price data by
DOGE price

At the time of writing, Dogecoin has spiked almost 38% over the week.

The latest spike in price comes amid continued turbulence in the crypto industry.

BlockFi is a crypto lending firm. Image: Shutterstock

BlockFi Owes $1 Billion to Just Three of Its Largest Creditors: Bankruptcy Filing

BlockFi Inc. owes more than $1 billion to three of its largest creditors, including $30 million it has yet to pay the U.S. Securities and Exchange Commission as part of the $100 million settlement that was announced in February, according to the company’s bankruptcy filing. Altogether BlockFi owes its 50 largest creditors $1.3 billion, according to its bankruptcy filing, and has between $1 billion and $10 billion in assets and liabilities. Initial bankruptcy petitions require only that companies...

NewsCoins
4 min read
Stacy Elliott

On Monday, BlockFi became the latest high-profile crypto firm to file for bankruptcy following the FTX collapse, with the company’s bankruptcy filing revealing it owes more than $1 billion to three of its largest creditors.

Elsewhere in the market, Bitcoin (BTC) is up 1.7% over the day, currently trading at about $16,500.

Dogecoin
DOGE
+14.54%$0.2437
24H7D1M1YMAX
Created with Highcharts 10.3.312:00PMJul 1812:00PMJul 1912:00PMJul 2012:00PMJul 2112:00PMJul 2212:00PMJul 2312:00PMJul 24$0.2$0.22$0.24$0.26$0.28$0.3
Price data by
DOGE price

Ethereum rose 3.5% over the past 24 hours to the current price of $1,213, while Litecoin (LTC)—another one of the better-performing assets over the past week—moved up to 13th place in the rankings with a 6.6% jump over the span, trading at $76.69 at the time of this writing.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.