Why Is Dogecoin Rising Today? By Benzinga

© Reuters Why Is Dogecoin Rising Today?

(CRYPTO: DOGE) traded 3.1% higher at $0.1225 over 24 hours leading up to early Wednesday morning.

Dogecoin Price Performance

% Change (+/-)
24-hour +3.1
24-hour against -4.8%
24-hour against -4.4%
7-day -8.7%
30-day -21.9%
YTD performance -29.2%

See Also: How To Buy Dogecoin (DOGE)

Why Is It Moving? DOGE traded higher along with other major cryptocurrencies such as Bitcoin and Ethereum at press time. The global cryptocurrency market cap rose 6.4% to $1.8 trillion.

DOGE did not find a place among the most-mentioned coins on Twitter (NYSE:) at press time, based on Cointrendz data.

Dogecoin Chatter: DOGE co-creator Billy Markus called Senator Elizabeth Warren (D-MA) “Satan” after a report noted she was drafting a bill to track transactions to private cryptocurrency wallets.

Warren had in December engaged in a Twitter spat with Tesla Inc. (: TSLA) CEO Elon Musk — a big Dogecoin proponent — after she accused the billionaire of “freeloading” and not paying full taxes.

Meanwhile, DOGE millionaire Glauber Contessoto tweeted that the cheaper Dogecoin must be taken as an opportunity by new investors to buy the cryptocurrency.

Read Next: Elon Musk Floats New Conspiracy Theory About The Identity Of Elusive Bitcoin Creator Satoshi Nakamoto

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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