Dogecoin (CRYPTO: DOGE) extended its losses on Wednesday, mirroring a broader decline across the cryptocurrency market.
DOGE Sees Massive Liquidation Of Bullish Bets
The world’s largest memecoin by market capitalization fell over 4% in the last 24 hours, worse than Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP). Dogecoin’s trading volume surged 47% to $1.42 billion, suggesting high selling pressure.
Speculative activity on the coin weakened, with open interest in DOGE futures falling 4.34% in the last 24 hours, according to Coinglass. Over $5.60 million in …Full story available on Benzinga.com
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