Bitcoin News: DOGE Plummets by 10%, Hits Lowest Point Since October
Dogecoin and Litecoin both fell to multi-month lows during Friday’s session, as cryptocurrency prices plunged. The global crypto market cap fell by nearly 9%, potentially triggered by yesterday’s liquidation of Silvergate bank. Dogecoin experienced a 12.69% decline, falling to its lowest point since October 26, while Litecoin fell by as much as 17% to trade at its weakest level since New Year’s Eve. Both tokens have seen their 14-day relative strength index drop to new lows, tracking at 21.52 and 23.75 respectively. The slump could encourage longer-term investors to buy, however, an immediate rebound is not assured.
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