Ah, Dogecoin! The most famous pup in the crypto park, extending its tail-wagging decline from a lofty high of $0.1175 achieved on that fateful day of February 15-now entering its fifth day of, shall we say, canine melancholy.
As I sit here, quill in hand (or rather, keyboard at my fingertips), it appears that Dogecoin is down 2.90% in the last 24 hours, now resting comfortably at $0.0969. This follows a market sell-off as investors-those ever-hopeful, sometimes befuddled creatures-pondered macro concerns like they were trying to solve a particularly troublesome crossword puzzle. Most cryptocurrencies took a tumble on Thursday, despite the equity markets in Asia and the U.S. seeming quite chipper.
The plummet in the crypto market was accompanied by a firmer dollar, after the wise wizards at the Federal Reserve decided there was no need for an interest rate cut just yet, leaving the door wide open for further hikes. You know, just to keep things interesting.
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A staggering total of $214 million in crypto positions have been liquidated over the past 24 hours, which, according to CoinGlass data, is not the sort of headline you want to read while sipping your morning coffee. The market sentiment remains as cautious as a cat near a dog park, with the Crypto Fear and Greed Index now sitting at a rather timid 11.
Dogecoin $0.10 Breakout Stalls
Our dear friend Dogecoin saw some profit-taking shortly after reaching its high of $0.1175 last Sunday, following a delightful three-day rise that had everyone barking with excitement.
Attempts were made-oh yes, valiant attempts-to reclaim that elusive $0.10; however, these efforts were as futile as trying to teach a goldfish to fetch. Dogecoin tested the high waters near $0.10 from February 16 to 18, only to be met with sellers who were clearly having a better day.
As of now, Dogecoin metrics find themselves draped in red, with trading volumes dwindling across both spot and derivatives markets faster than a magician’s rabbit disappearing into thin air.
Specifically, Dogecoin’s trading volume has plummeted by 2.19% in the last 24 hours, now at $860 million, while derivatives market volume is down 2.08%, landing at a hefty $1.81 billion. Open interest has also taken a nosedive, decreasing by 5% in the same time frame, now sitting at $1.8 billion. Glassnode reports that the 90-day SMA of the top crypto assets has remained negative since October 2025, which might be a sign to invest in more cheerful hobbies.
This week, Dogecoin found itself in the limelight when ETP provider 21shares took a jaunt to the Nasdaq Market Site in Times Square, celebrating the launch of its Dogecoin ETF (ticker: TDOG), proudly endorsed by the Dogecoin Foundation. They even rang the opening bell in honor of the occasion-because nothing says “we mean business” like a bell ringing in Times Square.
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2026-02-19 19:21