{"id":61608,"date":"2025-01-08T12:11:18","date_gmt":"2025-01-08T17:11:18","guid":{"rendered":"https:\/\/www.businessupturn.com\/usa\/?p=61608"},"modified":"2025-01-08T13:00:15","modified_gmt":"2025-01-08T18:00:15","slug":"stock-market-news-dogecoin-faces-liquidations-amidst-market-decline-but-bulls-hold-key-support","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/stock-market-news-dogecoin-faces-liquidations-amidst-market-decline-but-bulls-hold-key-support\/61608\/","title":{"rendered":"Crypto update: Dogecoin faces liquidations amidst market decline, but bulls hold key support"},"content":{"rendered":"<p>On January 8, 2025,<strong> Dogecoin (DOGE-USD)<\/strong> experienced a notable 7.86% decline, dropping to $0.3379. This correction follows a strong 27.4% surge from $0.31 to $0.395 in early January. The recent drop was accompanied by significant liquidations, with over $24.37 million lost in leveraged positions, mostly from long traders who were caught by the abrupt sell-off. Short positions only accounted for $2.95 million in liquidations.<\/p>\n<p>The sudden price drop has led to a 12.37% decrease in open interest in Dogecoin futures, indicating cautious sentiment among investors. Despite the correction, Dogecoin continues to hold crucial support at $0.35, which is seen as a critical level for bulls to defend. A rebound is possible if this support holds, especially if Bitcoin regains momentum above $100,000, potentially boosting the broader market.<\/p>\n<p>Dogecoin\u2019s volatility remains a significant factor, but its market activity has been robust, with a 90% rise in trading volume in the past 24 hours. Traders will continue to watch for signs of recovery or further declines as the market stabilizes.<\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only and should not be considered financial advice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On January 8, 2025, Dogecoin (DOGE-USD) experienced a notable 7.86% decline, dropping to $0.3379. This correction follows a strong 27.4%\u2026<\/p>\n","protected":false},"author":434,"featured_media":61466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[3925,3926,22402,24240,23685,24241,22387],"class_list":["post-61608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bitcoin","tag-cryptocurrency","tag-dogecoin","tag-liquidations","tag-market-correction","tag-support-level","tag-trading-volume"],"reading_time":"1 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/61608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/434"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=61608"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/61608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/61466"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=61608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=61608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=61608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}