As per Coindesk, Dogecoin (DOGE) surged 4.4% to $0.156 before late selling erased gains, as Bitcoin's Death Cross triggered broader market fear. Bitcoin's 50-day moving average fell below the 200-day MA on Nov. 16, signaling a bearish trend. Analysts warn that high-beta assets like DOGE are vulnerable during liquidity contractions. Whale selling and Bitcoin ETF outflows intensified risk-off sentiment, with DOGE struggling to break above $0.163–$0.165. Traders are now watching whether DOGE can hold the $0.158 support level amid Bitcoin's continued decline.
Bitcoin Death Cross Threatens Dogecoin Amid Market Volatility
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