Dogecoin Slumps as Bearish Market Sentiment Persists
Dogecoin (DOGE) continues to trade on a bearish sentiment into Friday after falling by more than 10% over the past seven days. The bearish pressure on DOGE is sponsored primarily by the doubtful trader bias in the market and the recent spike in smaller meme coins, particularly Shiba Inu and Baby Doge.
At press time, the sixth-largest cryptocurrency trades at the $0.2165 level and is up by 1.3% over the past 24 hours.
The crypto industry has had a very volatile outlook over the past few weeks amid increasing regulatory concerns and clampdown across the world. From the increased clampdown on cryptocurrency mining facilities in China to the recent action by Barclays Bank stopping its UK customers from depositing funds into crypto exchanges, the market is under immense pressure.
Dogecoin received additional blows from…
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