DOGE Tanks Double Digits Daily as BTC Crashes Below $115K: Market Watch

Dogecoin's brutal selloff accelerates as Bitcoin breaches critical support—sparking fears of deeper crypto carnage.

Blood in the Streets

DOGE plunges over 10% in 24 hours, mirroring Bitcoin's sharp rejection at $115K. The meme coin's volatility amplifies Bitcoin's downturn—typical behavior when majors stumble. Retail panic spreads while whales stay cautious on sidelines.

Bitcoin's Domino Effect

BTC's slide below $115K triggers cascading liquidations across derivatives markets. Altcoins bleed harder—standard crypto physics where beta plays get crushed. Trading volumes spike as stop-losses trigger automated sell cascades.

Market Psychology Shifts

Sentiment flips from greedy to fearful in hours. Traders chase momentum downward instead of buying dips—classic capitulation behavior. Even 'diamond hands' question their convictions when portfolios shed double-digits daily.

Just another day in crypto—where 'store of value' narratives evaporate faster than a shitcoin influencer's credibility.

BTC Falls Below $115K

The past several days were going rather well for the primary cryptocurrency. Its gradual recovery began last Tuesday when the asset dropped to $111,000 and the bulls stepped up. Instead of another crash below $110,000, they started to drive BTC north. The culmination during the business week came on Friday, when Bitcoin topped $116,000.

It faced an immediate rejection at that level but initiated another leg up on Saturday morning. This time, it climbed to $116,800 but failed once again and spent most of the weekend sideways around $116,000.

As hinted above, Monday started on the right foot, with BTC nearing $117,000 once again. However, the scenario repeated, but this rejection pushed it to below $115,000 for the first time since Friday.

Its market capitalization has dropped below $2.290 trillion on CG, while its dominance over the alts has shot up to 56% as most of them have marked even more significant declines.

DOGE Leads the Way Down

Dogecoin is among the poorest performers in the past 24 hours, after its superb surge during the weekend. The asset is down by almost 10% and now struggles to remain above $0.26. Solana, Cardano, and SUI have dropped by somewhere around 5-6%. LINK and AVAX are down by 5% each.

Ethereum failed at $4,750 during the weekend and is now just inches above $4,500 after a 3% daily decline. XRP has slipped below a key support level following a 3.5% drop. XMR is the only exception from the larger-cap alts, surging by 8% to almost $310.

The cumulative market cap of all crypto assets has lost approximately $80 billion since yesterday and is below $4.090 trillion on CG.