Dogecoin — 2026-10-07
$0.088784Down -7.09%24h
Change since the previous record
Down $0.006998 (7.31%)
- Previous record
- $0.095782 · 2026-10-06 15:39 UTC
View the previous record. Based on the two recorded prices; separate from the 24h change.
Market commentary
CoinMarketCap AI commentary (attributed, not independently verified)
Dogecoin is down 8.25% to $0.0881 in 24h, underperforming a broader market sell-off primarily driven by macro risk-off sentiment. It shows a strong correlation (0.90458) with Gold, indicating a shared flight from risk assets.
- Primary reason: Broader crypto market decline triggered by macro pressures—rising oil prices above $101, higher Treasury yields, and a firmer dollar—which sparked leveraged long liquidations.
- Secondary reasons: Bearish derivatives positioning in DOGE (long-to-short ratio below 1) and a sector-wide altcoin rotation downward amplified the selling pressure.
- Near-term market outlook: If DOGE holds above the $0.088 support, it could stabilize; a break below risks a drop toward $0.086. The immediate trigger is the Federal Reserve's September meeting minutes due later today.
Research details
- Confidence
- MEDIUM
- Status
- CHANGED
- Previous record source
- CoinMarketCap AI (page-embedded data, automated collector)
Evidence
CoinMarketCap price-analysis page data: US$0.088784, -7.09% (24h). Analysis title: "Latest Dogecoin (DOGE) Price Analysis".
Verification notes
Price and 24h change were read directly from CoinMarketCap's own page data (not cross-checked against an independent feed). CMC AI's analysis text is attributed commentary, not independently verified fact; catalyst/causal claims within it require separate confirmation before being treated as fact.
Why it matters
Tracks Dogecoin's latest price move and CoinMarketCap AI's own stated reasoning, without independent cross-verification against a second price feed.