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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Why Is Dogecoin Crashing Massively Today

Dogecoin Bitcoin Coinbase CoinMarketCap Crypto Inflation Nasdaq

Dogecoin (CRYPTO: DOGE) traded 22.3% lower at $0.09 over 24 hours leading up to Wednesday morning.

The Dogecoin crash comes amid a wider market crash that is impacting U.S. equities and cryptocurrencies at large. Nasdaq futures were down 1.65% at the time of writing. Other major coins posted massive losses as well, with the global cryptocurrency market cap dropping 12.65% to $1.3 trillion. 

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