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Dogecoin fell more than 4% on Thursday as Bitcoin paused near $81,000 and major cryptocurrencies cooled after a recent rally.
DOGE traded near $0.1116, down about 4.2% over the past 24 hours. Bitcoin also eased after reaching about $82,700 earlier in the week, while Ether declined with the broader crypto market.
Bitcoin Pulls Back From $82,700 High
Bitcoin’s pullback followed a sharp move above $80,000, helped by improved sentiment around a possible U.S.-Iran deal and a $242 million short squeeze.
BTC later slipped back toward the low-$81,000 range as the broader crypto rally lost momentum.
Bitcoin remains near recent highs, but the pause shows the breakout above $80,000 still needs follow-through before the next move higher becomes clearer.
Oil Falls 6.7% as Equities Move Higher
Traditional markets moved higher as investors reacted to signs of progress toward a possible peace deal between the U.S. and Iran. The Dow rose nearly 300 points, while the S&P 500 and Nasdaq approached record highs.
Barron’s reported that oil prices also dropped sharply, with Brent crude down 6.7% to $102.50 and WTI down 7.3% to $94.72. Lower oil prices helped ease inflation concerns and supported the move into equities.
DOGE Lags as Bitcoin Holds Near $80,000
Crypto did not fully follow the equity rally. Bitcoin slipped below $81,000, while Ether and Dogecoin also declined despite gains in stock markets.
DOGE underperformed as speculative demand remained weaker than Bitcoin demand. Memecoins often move more sharply when traders reduce exposure to higher-risk crypto assets.
For now, Bitcoin’s hold near $80,000 suggests the broader crypto pullback remains limited, even as Dogecoin’s 4.2% drop shows speculative demand has not spread far enough to lift the wider altcoin market.
