Dogecoin Price Climbs as Open Interest Surges
Dogecoin (DOGE) price climbed 2% to $0.0966, closely tracking a broader market rally primarily driven by strong Bitcoin momentum and institutional ETF inflows.
Market-wide beta, as Dogecoin moved in sync with Bitcoin’s 2.58% gain, was fueled by sustained spot ETF inflows and improving macro sentiment.
Dogecoin’s rise aligns with a 2.14% increase in the total crypto market cap. Bitcoin reclaimed the $76,000 level, buoyed by a fifth consecutive day of net inflows into U.S. spot ETFs, which added $238 million on April 20.
This institutional demand improves overall risk sentiment, lifting major altcoins like DOGE. Dogecoin’s move was not driven by its own news but by capital flowing into the broader crypto market, with Bitcoin acting as the…
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Source dmarketforces.com
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