Dogecoin Plummets Amid Record Crypto Liquidations, Signaling Bearish Trend

Cryptocurrency markets experienced a historic selloff this week, with over $19.36 billion in positions being liquidated within 24 hours. This marks the largest single-day wipeout in history and coincides with Dogecoin’s sharp decline, reflecting broader bearish momentum. The token has been heavily affected by this market downturn, facing losses of up to 23% in just 24 hours as traders grapple with heightened uncertainty.