23,444,976 Dogecoin in 24 Hours, What’s Happening?
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Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dogecoin (DOGE) has seen 23,444,976 DOGE liquidated within the last 24 hours. Data from CoinGlass shows this amounted to $7.79 million in liquidations. Dogecoin rebounds amid market volatility Notably, the difference between long- and short-position traders was mild, at $390,000. Long-position traders suffered a liquidation of $3.70 million. Short positions recorded slightly more liquidations as they lost $4.09 million. This has been attributed to the rebound of DOGE on the broader crypto market. Related DOGE has been down from $0.390 over the past seven days. It crashed to a low of $0.3091 on Jan. 26 before finding support to stop the free fall it witnessed. The meme coin started its price recovery journey and has increased in the past 24 hours. As of this writing, DOGE is changing hands at $0.3341, representing a 6.43% increase in the last 24 hours. However, the trading volume has declined by 27.26% to $2.52 billion. This highlights the reduced interest from market participants in investing in the asset. These investors might have adopted the cautious approach of observing price dynamics before committing their funds. Broader liquidation trends across crypto market Interestingly, most assets on the crypto market also registered more liquidations on short-position traders. Some of the coins include Bitcoin, Ethereum, Solana and XRP. Related With a total liquidation of $79.06…
Filed under: News - @ January 28, 2025 10:16 pm