Dogecoin Jumps 27% as Bitcoin Inches Closer to Record Price
Summary
Dogecoin reached a peak price of nearly $0.23, marking its highest level since March 2, with a 27% increase over the past week. The current price stands at $0.225, with a 9% rise in the last day. Open interest in Dogecoin has risen to $2.52 billion, the highest since mid-February. Despite these gains, Dogecoin's price remains significantly below its all-time high of $0.73 from 2021. Other meme coins, such as Moo Deng and Peanut the Squirrel, have also seen substantial increases. Ethereum experienced a 32% rise this week, currently priced at $2,409, while Bitcoin is priced at $103,700, close to its all-time high of $108,786. Daily crypto market liquidations exceeded $1.1 billion, primarily affecting short traders.
