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Benzinga
Benzinga
Business
Melanie Schaffer

Fear Selling Hits Dogecoin But Here's Where To Watch For The Bounce

Dogecoin Crypto

It was a rough morning for Dogecoin (CRYPTO: DOGE), as the crypto dropped about 32% between 8:15 a.m. and 8:45 a.m. on Wednesday before beginning to recoup some of the losses. By early afternoon, Dogecoin was trading down about 20% lower.

The fall was an exaggerated reaction to an overall long-term decline in not only Dogecoin but the general markets and cryptocurrency sector, which has seen the S&P 500 and apex crypto Bitcoin (CRYPTO: BTC) fall 14% and 37%, respectively, since March 29.

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