Crypto markets have seen extreme volatility since Bitcoin breached the $100,000 mark for the first time on December 4, causing shock waves that sank other assets and piled up liquidity in the process.
But while Bitcoin has largely recovered from its huge dips, Dogecoin lost a lot of steam last week after rising to $0.48 for the first time since 2021.
At its current price of just under $0.39, Dogecoin is down nearly 19% since its debut on December 7th. And over the past seven days, including the hours before the recent high, DOGE is down 15%.
That makes it the biggest loser among the top 10 cryptocurrencies by market capitalization. Bitcoin, the greenback, rose 0.7% for the week.
Looking beyond the top 10, other leading meme coins in the top 100 cryptocurrencies posted even heavier losses last week.
Dogwhiphat (YF) is the biggest loser of the 100, down 28% over that period, while BONK (BONK) is down 23%, Brett (BRETT) is down 22%, and Shiba Inu (SHIB) matches DOGE's dip. by 15%
Overall, the crypto market fell by 3% in the last 24 hours, according to data from CoinGecko.
Daily Debrief Newspaper
Start every day with top news stories, plus original features, podcasts, videos and more.
