Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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-0.00%Reading
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.
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 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...
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.
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.
The recent crypto market euphoria hit a speed bump on Wednesday, as top altcoins like Ethereum, XRP, Solana, and Dogecoin fell, with some showing sizable drops. And the broader market dive has resulted in a growing pile of long positions getting liquidated amid concerns about frothy conditions for traders. Altcoins have been surging in July, with XRP hitting a new all-time high mark last week—breaking a seven-year record—while Ethereum and Solana reached six-month highs in recent days. The Binan...
Owners of stablecoins now outnumber those who hold Solana, according to a new report by Reown. A survey of over a thousand crypto users conducted by Reown and YouGov found that 38% of users now own stablecoins, ahead of Solana at 37%. Bitcoin and Ethereum continue to dominate crypto ownership, accounting for 48% of users respectively. 1/ State of Onchain Payments 2025 is now live. Onchain payments are growing fast, but most teams still lack the data to design better experiences. We surveyed 1,0...
XRP is now larger than some of the biggest companies in the world, and its most staunch investors believe that it’ll be in the top 10 assets “sooner than many might think.” Now the third-largest cryptocurrency, XRP is the 91st largest asset in the world, according to InfiniteMarketCap, with a market cap of $203.89 billion. Due to its 71.6% monthly rise, per CoinGecko, XRP has surpassed drinks company PepsiCo, telecommunications firm AT&T, and taxi app Uber. Ethereum, by comparison, is the 29th l...