Dogecoin Rockets Up 27% While Bitcoin Climbs Toward All-Time High
Posted On May 11, 2025
In the latest cryptocurrency market update, Dogecoin (CRYPTO: DOGE) has seen a significant surge, nearly touching $0.23, its highest price in months. Concurrently, Bitcoin (CRYPTO: BTC) is inching closer to its all-time high.
What Happened: Over the past week, Dogecoin has experienced a nearly 27% increase, reaching a current price of $0.225. This includes a 9% rise in the last 24 hours alone. According to CoinGecko data, this is the highest peak for Dogecoin since March 2.
Along with the price surge, open interest on Dogecoin has also escalated to its highest level since mid-February, as per CoinGlass. The current open interest stands at $2.52 billion, representing the total value of futures contracts yet to be settled.
Despite these …
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