{"id":23492,"date":"2025-04-24T05:46:45","date_gmt":"2025-04-24T05:46:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=23492"},"modified":"2025-04-24T05:46:45","modified_gmt":"2025-04-24T05:46:45","slug":"dogecoin-leads-losses-among-majors-btc-eth-xrp-slump-on-profit-taking","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=23492","title":{"rendered":"Dogecoin Leads Losses Among Majors; BTC, ETH, XRP Slump on Profit-Taking"},"content":{"rendered":"
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Major tokens fell as much as 5% on Thursday as traders took profits on a steady move higher from earlier this week, with memecoin dogecoin (DOGE) leading losses among the largest assets.<\/p>\n

Bitcoin (BTC) clung to the $93,000 zone in the past 24 hours, but XRP, Solana\u2019s SOL, BNB Chain\u2019s BNB and DOGE showed losses above 2%. Ether (ETH) fared relatively better with a 1.5% slump.<\/p>\n

Overall market cap decreased 2.5%. The broad-based CoinDesk 20, a liquid index tracking the largest tokens by market cap, fell over 3%.<\/p>\n

Spot bitcoin exchange-traded funds (ETFs) in the U.S. bagged over $916 million<\/a> in inflows on Wednesday. Some traders point to the asset\u2019s growing safe haven as a catalyst underpinning this surge in flows.<\/p>\n

\u201cThe inflows are driven by a declining U.S. dollar index, and Bitcoin\u2019s growing safe-haven appeal amid equity market volatility,\u201d Vugar Usi Zade, COO at Bitget, told CoinDesk in an email. \u201cThe massive ETF inflows reflect Bitcoin\u2019s strengthening position as a leading crypto asset, with growing institutional adoption.<\/p>\n

\u201cIts reduced correlation with equities and safe-haven narrative position it as a diversification tool, though short-term challenges like weak investment signals require sustained macro catalysts,\u201d<\/p>\n

Bitcoin\u2019s safe-haven narrative has been growing<\/a> in the past week on its relevant resilience, mirroring gold\u2019s price rise, even as bond yields and U.S. equities corrected amid the ongoing tariff wars.<\/p>\n

Earlier this week, President Donald Trump said he had no intention to fire Federal Reserve Chair Powell and that a deal with China (which is facing tariffs as high as 245% on some items) would significantly reduce some of its levies.<\/p>\n

The mixed signals and frequent tone shift are jading traders, however, who continue to monitor comments for further cues on positioning.<\/p>\n

\u201cMacro risks remain, but one critical overhang appears to be cleared. Trump is signaling no intention to replace Fed Chair Powell for now. The reassurance has prompted a modest pullback in long-end yields, helping reduce a key tail risk,\u201d Singapore-based QCP Capital said in a broadcast message Thursday.<\/p>\n

\u201cThe broader outlook, however, is anything but simple. Trade frictions, geopolitical jitters, and regulatory opacity continue to cast long shadows,\u201d the firm added.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Major tokens fell as much as 5% on Thursday as traders took profits on a steady move higher from earlier this week, with memecoin dogecoin (DOGE) leading losses among the largest assets. Bitcoin (BTC) clung to the $93,000 zone in the past 24 hours, but XRP, Solana\u2019s SOL, BNB Chain\u2019s BNB and DOGE showed losses […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-23492","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23492"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/23492\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}