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DOGE
Trump Announces Department of Government Efficiency, DOGE Skyrockets
President-elect Donald Trump taps Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency to slash wasteful government spending. "CoinDesk Daily" host Christine Lee explores the context, breaks down the reaction and explains what impact DOGE will have in the future.
Trump Victory Sends Crypto Market Cap to $2.5T
The crypto sector was exhilarated by the sweeping victory of Republican candidate Donald Trump in the presidential race. Bitcoin's record high buoyed DOGE and SOL gains among major tokens as the overall market rallied with the election results. Data from CoinMarketCap shows that the total market capitalization of crypto hit nearly $2.5 trillion, the highest in over three months. CoinDesk's Christine Lee presents the "Chart of the Day."
DOGE Surges on U.S. Election Day; Bitcoin ETFs Shed $541M and Mt. Gox Moves $2.2B BTC
Bitcoin rallied Tuesday after recovering from a dip below $68,000 amid major bitcoin ETF outflows and new activity on Mt. Gox. Plus, Donald Trump widens his edge against Kamala Harris on Polymarket and dogecoin soars. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry on U.S. election day.
Dogecoin Climbs 15% on the Potential for Futures
Dogecoin (DOGE) jumped as high as 18% after a March 7 filing from the prominent crypto exchange Coinbase went viral on X, showing it plans to offer DOGE, litecoin (LTC) and bitcoin cash (BCH) futures as early as April 1. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Dogecoin Bullish Bets Reach Record $1B
DOGE futures set a record open interest at $1 billion, signaling strong trading interest in the tokens. According to data from Coinalyze, nearly 70% of these bets were on the long side, expecting the memecoin to go higher. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
Dogecoin Rises Over 15% This Week as Bitcoin's Rally Revives Risk-Taking
Bitcoin's (BTC) recent rapid rally has revived risk-taking in the crypto market, spurring investors to pour money into non-serious cryptocurrencies like dogecoin (DOGE), which was created as a joke 10 years ago. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Key Metric of Dogecoin Futures Jumps in Past 24 Hours
Trading interest in DOGE bets rose over 40% in the past 24 hours to reach the most since April. An increase in leveraged bets came after a 12% surge on Thursday as one company said it planned to send a physical Dogecoin token to the moon. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
PEPE Loses Nearly 80% of Its Value Since Peak in May
Meme coin PEPE fell 22% this week after losing nearly 80% of its value since its peak in May, according to CoinDesk Market Index data. This comes as data tracked by Velo Data shows that Dogecoin (DOGE) is sluggish this year as well, with most of the bearish pressure coming during European hours. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
DOGE Rally Sustained by Traders in Korea: Analyst
Dogecoin (DOGE) surged more than 35% after Elon Musk's Twitter replaced the social-media platform's blue bird atop its homepage with the cryptocurrency's iconic Shiba Inu dog logo. The Tie co-founder and CEO Joshua Frank breaks down the geographical drivers behind DOGE, saying, "the rally was certainly sustained by traders in Korea." More broadly, Frank added that "Asian hours and European hours traders are really moving the crypto markets."