Crypto Crash: Dogecoin, Bitcoin & Ethereum See Big Losses – What’s Going On?

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  • In a thrilling turn of events, Dogecoin leads the way with a dramatic 5.75% loss. 🐕💔
  • Bitcoin, still hanging on at $92,770.58, drops by 1.31%, thanks to profit-hungry traders.

So, Dogecoin took a nosedive of 5.75% in the last 24 hours, now sitting at a humble $0.1740. I know, shocking. But hey, it’s not just Dogecoin getting roasted—Bitcoin, Ethereum, and XRP are all feeling the heat too. It looks like the profit-takers are out, cashing in on some sweet gains while the global tariff drama hangs over us like a dark cloud. ☁️

Bitcoin’s hanging on, still priced at $92,770.58, but even it can’t escape the wrath of profit-taking, with a 1.31% drop. Meanwhile, XRP is down 5.25%, sitting at $2.16, and Ethereum is like, “Hey, hold my beer,” dropping 3.16% to $1,755.43. It’s a bloodbath, folks. 🩸

Tariff Wars: The Market’s Latest Mood Killer

The tariff wars are back and shaking things up in the financial markets, and, of course, cryptocurrencies are no exception. Bitcoin, once the reliable safe haven, is still above $92,000—phew—but even it couldn’t avoid a 1.31% dip. Let’s just say, it’s not as invincible as we thought. 🙄

Dogecoin, our meme coin hero, took the hardest hit, dropping 5.75%. This isn’t surprising—Dogecoin has always been more prone to market drama than Bitcoin’s more serious cousin. And don’t forget, XRP, Solana’s SOL, and even Ethereum are all in the red, with XRP and Ethereum trailing behind in their sad, sad slump. 📉

As for the crypto market as a whole? Well, it’s not looking great. Market cap is slipping, and with the global economic situation still hanging in the balance, everyone’s watching the tariff situation closely. Tariffs are the ultimate party pooper for risk assets like cryptocurrencies. 🎉 (Except in this case, it’s more like the party’s over and nobody’s happy.)

Technical Indicators: Brace for More Volatility

On the charts, things aren’t looking much better. Dogecoin’s break below its key support level triggered a selloff, leading to its 5.75% fall. XRP’s tumble to $2.16 below technical benchmarks doesn’t inspire much confidence either, with a 5.25% drop and more potential declines if the market stays on its bearish track. 😬

Ethereum, meanwhile, did the whole “not as bad as Dogecoin” thing, retreating just 3.16% to $1,755.43—because why not? Meanwhile, Bitcoin’s 1.31% dip signals that the long-term holders are holding steady, but the short-term traders? They’re locking in their profits faster than you can say “blockchain.” 🏃‍♂️

The wild swings in prices are being fueled by the crypto market’s infamous illiquidity. Small trades across exchanges are enough to send Dogecoin’s price flying one way or the other. It’s like watching a hamster in a wheel, but instead of exercise, it’s just panic selling. 🐹💨

Oh, and don’t forget: the real kicker here is the tariff situation still looming large over the market. Tariffs and cryptos—just the combo you’ve been waiting for. 🙃

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2025-04-24 20:07