Over 51% of traders are currently shorting DOGE as market volatility triggers a major Dogecoin price crash to new lows. Despite experiencing a minor recovery after its decline, Dogecoin continues to struggle, exhibiting bearish momentum.

Bitcoin and select altcoins bounced back sharply, indicating solid purchasing demand at lower levels.

Dogecoin has lost crucial support levels leading to a price correction. Even though DOGE has seen bearish movements in the past few days due to a general crypto market downswing, the dog-themed meme coin could shift toward a bullish territory in the short term.

In a dramatic reversal, Dogecoin (DOGE) plunged from around $0.34 as low as $0.20, wiping out nearly 40% of its value before finding tentative stability near $0.25 at press time. However, crypto analyst “Coosh” Alemzadeh (@AlemzadehC) maintains a bullish long-term outlook, sharing a weekly chart of DOGE/USD and remarking, “DOGE: Looking really good here,” despite the recent turmoil.

Dogecoin price sank on Monday, reaching its lowest level since November last year. This decline was part of the ongoing crypto and stock market sell-off.

President Trump said Monday that planned tariffs against Mexico will be delayed, reversing the slide of Bitcoin and other major coins.

It's true that both Dogecoin (DOGE -11.68%) and Shiba Inu (SHIB -12.20%) are meme coins based around cute pictures of dogs, but the two cryptocurrencies have differing factors driving their prices.

Details revealed by the popular tracking platform Shibburn show that over the past day, the key SHIB burn metric has demonstrated a massive plunge in light of the overall crypto market collapse that started over the weekend.

A large DOGE transfer to Binance coincided with a 13% decline in DOGE price and a broader 15% drop in the meme coin market.

As risk-off sentiment takes hold, the cryptocurrency market has suffered one of its largest liquidation events in history, erasing over $2.24 billion in just 24 hours.

The cryptocurrency market is experiencing a strong downtrend following a market-wide correction, leading to significant liquidations. However, investors see opportunities to acquire affordable assets before the anticipated altcoin season in February 2025.

Natasha Sarin, Yale University professor and former Treasury Department official under Janet Yellen, joins 'Squawk Box' to discuss news of Treasury Secretary Scott Bessent granting Elon Musk's DOGE team access to the federal government's payment system.

The entire cryptocurrency market has experienced a steep decline over the past 24 hours, with its total market cap plunging by double digits following a barrage of volatile price swings. Unsurprisingly, this sharp downturn has led to widespread liquidations among multiple assets within the past trading day.

The latest price analysis by Coinidol.com report, Shiba Inu (SHIB) prices have continued to fall gradually, reaching the predicted level of $0.00001429.

Not long ago, Elon Musk announced that he will take Dogecoin (DOGE) to the moon. Fast forward to two weeks later, and the price of DOGE has lost 40% in a less than three-day span.

Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) suffered double-digit losses overnight as Bitcoin (CRYPTO: BTC) briefly slumped to $92,000. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.2571 $38 billion -12.6% -17.6% Shiba Inu (CRYPTO: SHIB) $0.00001484 $8.7 billion -13.5% -16.8% PEPE (CRYPTO: PEPE) $0.059745 $4.09 billion -19.2% -21.4% Trade Notes: Crypto trader Tardigrade reassured that DOGE's pullback is part of a macro cycle.

The crypto market has been pummeled as Donald Trump's tariffs shock the markets, sending an array of assets spiraling. Bitcoin (BTC) is down nearly 7% over the past 24 hours after struggling to stay above $100,000.

Shiba Inu (SHIB) has seen a sharp decline, plunging 20% in the last 24 hours to trade at $0.000014. The meme coin's weekly drop now stands at 25%, raising concerns over its price stability.

The last time DOGE's price was trading that low was in November last year.

DOGE faces threats from major sell-offs by whales in the market.

Data shared by Whale Alert blockchain sleuth, which monitors large cryptocurrency transfers and then shares the details on its website and X account, spreads the word that over the past three hours a staggering amount of DOGE meme coins has changed hands.

With its price falling below the 200 EMA, a crucial support level, Shiba Inu is currently experiencing one of its most critical moments. Due to this action, SHIB has returned to its February 2024 price levels, wiping out months of gains and igniting worries that the asset may drop below $0.00001 and add another zero to its valuation.

Elon Musk said his “DOGE team” of government efficiency enforcers is shutting down some payments to federal contractors, suggesting that the world's richest man may have access to sensitive systems used at the US Treasury Department. Bloomberg's Kevin Whitelaw reports.

The Relative Strength Index (RSI) for the Shiba Inu (SHIB) price action reads a value of 24.94, which means that the bears are now in control of the altcoin's price action.

Shiba Inu's 32% weekend price drop to $0.000014 has attracted substantial whale accumulation, with large transactions surging to 4.3 trillion SHIB, suggesting potential price support despite broader market instability.

Dogecoin experienced a 30% price correction from $0.3250 to $0.20, with technical indicators suggesting potential recovery pending breakthrough of key resistance levels at $0.250 and $0.270.

This DOGE trust is now offering a fresh opportunity for investors to gain exposure to Dogecoin. Grayscale has more than 25 crypto investment products under its belt.

The history of Dogecoin and its impact on the markets

A Dogecoin whale sent shockwaves across the meme coin market on Monday, dumping a staggering 200 million tokens to Binance. Primarily, as the dump occurred amid a broader market crash in light of Trump's new tariffs, market watchers convey severe concerns over future price movements.

SHIB lost its spot in the top 20 crypto club as its market capitalization slipped under $8.5 billion.

While there's no guarantee that anyone will make money when investing in a silly meme coin like Shiba Inu (SHIB -24.14%), there are a few things you can do to maximize your chances of walking away with some cash, and minimize the risk of a total wipeout of your investment.

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The crypto market is experiencing a major downturn, and Shiba Inu (SHIB) has not been spared. Over the past 24 hours, SHIB's price has fallen by 20% to $0.000014, marking a 25% drop for the week.

Renowned meme cryptocurrencies Dogecoin and Shiba Inu price have illustrated an alarming drop as the week kicked off, primarily attributable to the broader market trends. Notably, SHIB price slumped to as low as the $0.000012 level intraday, whereas DOGE price plunged to the $0.2 level, sparking investor concerns.

XRP, dogecoin (DOGE) and Cardano's ADA fell more than 25% to reverse all of the gains since December, reaching pre-U.S. election levels from early November.

Dogecoin declined heavily below the $0.280 support against the US Dollar. DOGE is now recovering and might face hurdles near $0.270.

Shiba Inu price has plunged below the $0.000015 mark on Feb 3, for the first time in 5 months, dating back to September 2024. On-chain data suggests whale investors are buying the dip.

Cryptocurrency prices crashed hard on Monday, continuing their recent trend, and leading to substantial liquidations. Bitcoin moved from the year-to-date high of $109,200 in January to below $93,000.

Shiba Inu's ecosystem is seeing major shifts as Shibarium, its Layer 2 solution, gains adoption.

XRP closed below the 26 EMA, a crucial support level in robust uptrends, for the first time this year. This break indicates a possible change in momentum and a rise in bearish pressure.

Elon Musk has confirmed he wants to put the U.S.

Elon Musk's DOGE initiative targets a $4 billion daily spending cut with the ambitious goal of zero inflation by 2026, a move that could reshape the U.S. economy.

The price of Bitcoin nosedived after President Donald Trump's administration signed an executive order imposing new steep tariffs on all imported goods from China, Mexico, and Canada. The top coin by market cap is now down 4.4% on the day and roughly 6.8% over the last week at a current price of $97,754.

Crypto prices are crashing as President Trump suggests "pain" ahead for Americans in his brewing trade war, with Bitcoin under $97,000.

The crypto market is poised for its next great boom, and astute investors are on the lookout to find the next breakout coin that could give them tremendous profits.

The SEC has placed an importance on regulated futures markets for past crypto ETF approvals.

Dogecoin is signaling a major breakout with bullish patterns and potential ETF approval driving excitement.