Dogecoin (DOGE) price has recently seen a 12.7% 7-day surge, and is now trading at $0.3797. This follows the release of U.S. Producer Price Index (PPI) data, which showed a 3.3% year-over-year increase in producer prices—lower than the 3.5% that was anticipated.
This softer-than-expected inflation data brought optimism to the broader financial markets, including crypto. While some have pointed to this as a sign that the Federal Reserve might ease interest rates in the future, this news also coincided with a renewed bullish interest in the meme coin sector and in particular in Dogecoin.
After a turbulent 2022, which saw the crypto market largely in a bearish trend, and following a 75 bps interest rate hike by the Federal Reserve in January, the crypto market seems to be bouncing back—at least for now. After largely bearish sentiments throughout 2024 as well, and following a 25 bps interest rate hike in February, and a 50 bps hike in March,踽淺الاتكو market began to show signs of recovery in late 2024.
This sustained bullish momentum, and the return of “wonder whales” in the crypto space, has led to a孑淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺淺
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