TL;DR

• DOGE is down

• SHIB is down

• MAGA Memecoin Soars Amid Trump Inauguration

• Shiba Inu’s Rally Potential Amid Whale Activity

• Doge Meme in U.S. Senate Sparks Reactions

• Robinhood Wallet Dominates Dogecoin Holdings

• Vitalik Buterin’s $1M Meme Coin Donation

• Bitcoin Dominance Faces Challenge: Memecoins vs. Altcoins

Dogecoin Price

Crypto is down this week, with DOGE being down 4.48% and SHIB down 6.71%:

Dogecoin (DOGE) Weekly Analysis

The cryptocurrency market has entered a turbulent phase, with Dogecoin among the hardest hit, experiencing a sharp 21% drop over the past two days. Broader economic concerns and volatile market conditions have contributed to this downturn, impacting major tokens like Bitcoin and Ethereum.

After starting the year positively, Dogecoin saw its price peak near $0.40 before plummeting to $0.314 as of Thursday. Bitcoin mirrored this decline, dropping from over $100,000 to lows of $91,250 within three days, signaling widespread bearish sentiment across the crypto ecosystem.

The downturn aligns with the release of mixed economic data, which tempered expectations for potential interest rate cuts. Federal Reserve statements about inflation control further fueled investor anxiety, prompting withdrawals of $569 million from Bitcoin ETFs and $159 million from Ethereum ETFs.

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