The post Dogecoin Risks Drop Below $0.2 as $758M Crypto Liquidated appeared on BitcoinEthereumNews.com.

Key Notes Dogecoin falls close to key support, down over 11% this week amid broader market meltdown. Over $758 million now registered in crypto liquidations, mostly from long positions. Stronger dollar and Fed’s rate pause spark broader sell-off. The digital asset market saw a drastic drop this week, with top memecoin Dogecoin DOGE $0.20 24h volatility: 6.7% Market cap: $30.51 B Vol. 24h: $2.89 B among the worst hit. A stronger dollar and unchanged interest rates pushed traders to exit risky positions. Notably, this development led to massive losses across top exchanges. Dogecoin slips below key level amid stronger dollar Dogecoin price fell by nearly 10% in one day, dropping to $0.201 as of July 31. It has now lost over 11% in the past week. The coin has been falling since reaching a high of $0.248 on July 28. Despite the recent drop, analysts like Javon Marks remain optimistic, suggesting Dogecoin has strong potential for significant gains. However, it is important to mention that if the decline continues, this would be the fifth day in a row that Dogecoin closes lower. Importantly, the fall in price followed a strong move by the dollar, which has gained more than 3% over the past four weeks. Per historical trends, as the dollar rises, traders tend to pull out of riskier assets like cryptocurrencies. This week’s data also showed that the Federal Reserve kept interest rates at 4.25%. Many traders had expected a cut in September, but that now seems unlikely. The latest inflation data showed that the core PCE index rose by 2.8% compared to last year, the same rate as May. These updates triggered an increase in sell orders in the crypto market. In total, over $758 million worth of leveraged positions were liquidated. Most of that came from long…

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Filed under: News - @ August 1, 2025 2:29 pm