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Dogecoin's price has recently dipped below $0.31, marking its lowest point in 2025, as broader tech stock declines impact the crypto market. Speculation around Elon Musk's potential integration of Dogecoin into X's upcoming payment service, X Money, continues, though no official confirmation has been made. Despite past surges linked to Musk's endorsements, the meme coin faces significant volatility amid shifting market conditions.
The catastrophic collapse of Terraform Labs' ecosystem in May 2022 resulted in a staggering $40 billion loss, primarily due to the failure of its algorithmic stablecoin, TerraUSD (UST), and its sister token, LUNA. Do Kwon, co-founder of Terraform Labs, faces multiple criminal charges, including fraud, and has pleaded not guilty. His trial is set for January 26, 2026, amid ongoing legal battles and civil lawsuits, highlighting the vulnerabilities in the crypto market and the need for regulatory scrutiny.
Dogecoin has dropped nearly 10% amid a broader market decline influenced by mixed U.S. economic reports, with other meme coins like Bonk and Dogwifhat down about 11%. Bitcoin and Ethereum also fell, while only Akuma Inu saw a significant gain, rising 55%. Despite the downturn, Galaxy Digital predicts Dogecoin could reach $1 by 2025, although current prices hover around $0.35.
Bitcoin's price fell below $93,000, marking its lowest point in nearly a month, as a Santa Claus rally failed to materialize amid a hawkish Federal Reserve stance on interest rates. Institutional activity is expected to decline, leading to reduced volatility, while Metaplanet made headlines with a significant purchase of 619.7 Bitcoin for $60.5 million, bringing its total holdings to 1,761.98 Bitcoin.
Dogecoin (DOGE) plummeted 12.4% to $0.31 amid a broader market decline following the Federal Reserve's hawkish outlook, with trading volume surging 67% to $10.25 billion. The meme coin is now down 35% from its 2024 high of $0.47, while its market cap remains at $46.6 billion. Other cryptocurrencies, including Ethereum and XRP, also faced significant losses, reflecting heightened sensitivity to macroeconomic signals.
Ethereum ETFs experienced a significant inflow of $151 million, continuing a 16-day positive streak, while Bitcoin ETFs added $494 million. Analysts speculate that a potential Trump administration could boost demand for staking in Ethereum ETFs, contributing to institutional interest. Despite recent inflows, both Ethereum and Bitcoin saw a 3% price drop, with ETH trading at $3,835.
Metaplanet's stock plummeted 13.73% after the company announced its new Bitcoin Treasury Operations, despite Bitcoin reaching an all-time high above $108,000. The Tokyo-based firm plans to increase its Bitcoin holdings and projects a 240% revenue increase for the fiscal year, aiming for a consolidated operating profit for the first time since FY2017. Currently, Metaplanet holds 1,142.287 BTC, valued at $119 million, positioning it as one of Japan's largest corporate Bitcoin holders.
The Financial Conduct Authority (FCA) is seeking industry feedback on a discussion paper aimed at enhancing regulations in the UK crypto market to combat abuse and improve transparency. With 12% of UK adults now owning crypto, the FCA emphasizes the need for robust internal measures among trading platforms to ensure market integrity and protect consumers. Stakeholders are invited to provide input by March 14, 2025, ahead of a forthcoming Consultation Paper.
Bitcoin surged to a record high of $107,822, surpassing its previous peak of just under $104,000, while Ethereum reached $4,081, its highest since December 2021. Short liquidations for both cryptocurrencies totaled over $200 million in the past 24 hours, reflecting the market's volatility. Institutional demand for Ethereum could push its price above $5,000, driven by significant inflows into new ETFs.
Ripple's CTO, David Schwartz, has warned investors about potential price volatility for the upcoming RLUSD stablecoin, which is pegged to the U.S. dollar. He noted that initial supply shortages could inflate its price above $1, but assured that market forces would stabilize it soon after launch. Schwartz cautioned against "FOMO" and emphasized that the stablecoin's primary purpose is to maintain a stable price.
Mat Di Salvo
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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