BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Dogecoin Price Plunges As Whale Dumps 400M Coins On Binance




1
Dogecoin plunges below $0.1, a first in 4 months, amid a 13.5% 24-hour drop.



2
Whale sells 400M DOGE, retains 379.08M, fueling market uncertainty.



3
DOGE derivatives volume spikes 57.88% as open interest falls 12.13%.













Dogecoin’s market performance has been notably bearish, with the price falling below $0.1 for the first time in four months. Nevertheless, at the time of writing, the price of Dogecoin stood at $0.1033, which was a 5.5% fall within the last 24 hours after a rebound from the $0.09379 support.



The price had been falling since the end of May but had a short period of consolidation between June 20 and July 2. However, the market crash and pressure to sell caused the price to fall even more.






Since the beginning of February, the meme coin’s price has been at its lowest, but it later surged in the mid-March. The market trend is still bearish, although the previous trends suggested some upside movements.



Whale Activity and Market Sentiment



The recent price drop was compounded by a crypto whale selling 400 million Dogecoin worth $41.08m on Binance. This big transaction has heightened selling pressure and a bearish mood in the market.



The whale still holds 379.08 million Dogecoin , which is worth about $36.59 million, and this shows that this could be a strategic move instead of completely dumping the asset.




</div>
	
<style>
.video-container { position: relative; padding-bottom: 56.25%; padding-top: 30px; height: 0; overflow: hidden; }
.video-container iframe, .video-container object, .video-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }
</style>
<script src=
BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News