Dogecoin (DOGE) Soars As Bitcoin Rally Ignites Memecoin Frenzy
Dogecoin (CRYPTO: DOGE), the original memecoin, is surging Friday afternoon, capturing significant gains as a wave of speculative enthusiasm washes over the crypto market for the session.
What To Know: Friday’s jump comes in direct sympathy with Bitcoin (CRYPTO: BTC), which rocketed to a new all-time high of over $118,000. The surge by the world’s leading cryptocurrency is creating a powerful ripple effect, reigniting interest in high-beta assets like Dogecoin.
Bitcoin’s record-breaking climb is largely attributed to sustained institutional buying, particularly through U.S.-listed spot Bitcoin ETFs, which have seen billions in net inflows. This strong institutional interest signals growing confidence in the cryptocurrency sector, creating a risk-on environment that benefits more speculative assets.
Historically, …
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