Dogecoin Falls 9.6% Amid Market Correction: What's Going On?
Dogecoin’s (DOGE) price has faced a substantial fall over the last 24 hours. According to CoinGecko data, DOGE has experienced a 9.6% price correction in the daily charts. DOGE’s dip comes amid a market-wide downtrend. Although DOGE has faced a steep decline in the last 24 hours, the memecoin is still up by 12.7% in the weekly charts, 20.8% in the 14-day charts, 13.4% over the previous month, and 150% since September 2024. Source: CoinGecko What’s Behind Dogecoin’s Latest Price Fall? Source: Reddit Dogecoin (DOGE) is most likely following the market-wide correction trend. Bitcoin (BTC) has fallen to the $114,000 price level after climbing to $116,000. Other major crypto assets are also trading in the red zone today. Dogecoin and the crypto market’s dip are most likely due to investors taking caution before the Federal Reserve’s two-day meeting from Sept. 16-17. The meeting will decide the US monetary policy for the coming time. Although there is a hig...