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Worried About Your Dogecoin Holdings? Here's What To Know

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Dogecoin (DOGE) has experienced a massive rebound over the last week. The original memecoin is up 3.4% in the daily charts, 15.7% in the weekly charts, 23.6% in the 14-day charts, 12% over the previous month, and 58.3% since July 2024, as CoinGecko reveals. While the rally is commendable, DOGE’s price is still down by nearly 73% from its all-time high of $0.7316. Many investors continue to hold the memecoin at a loss. Let’s discuss what you should know before selling. Source: CoinGecko Also Read: Dogecoin Faces 7% Correction: Should You Buy The Dip Or Wait? What Dogecoin Holders Should Know Source: Forbes Historically, DOGE and Bitcoin (BTC) have shared a strong correlation. This means that BTC’s price movements often dictate DOGE’s rally. This pattern is evident from the latest upswing as well. Bitcoin (BTC) hit a new all-time high of $122,838 on July 14. BTC’s rally triggered a rally for DOGE as well. We could see DOGE follow BTC’s trajectory for th...

South Korea will systematically assess cryptocurrency risks using new monitoring tools

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Join Our Telegram channel to stay up to date on breaking news coverage The financial watchdog in South Korea is creating new instruments to continuously monitor crypto threats. While the crypto market’s influence on the conventional financial system is presently minimal, the regulator cautioned that in the future, such threats to the nation’s financial stability could rise significantly. Developing Crypto Monitoring Tools is a Korean Regulator FSS Governor Lee Bok-hyun reportedly disclosed Monday at a conference on the interconnectedness between the crypto market and the traditional financial market that the Financial Supervisory Service (FSS) of South Korea plans to develop crypto monitoring tools and regularly inspect the risks associated with crypto assets. The Financial Supervisory Service is preparing a number of efforts for the risk management of the virtual asset market this year, he was reported as saying by the local media. Regarding the crypto monitor...