Dogecoin and Shiba Inu have dropped to levels unseen since January as the global cryptocurrency market cap has declined. This has been attributed to the sell-off based on Silvergate bank, which has caused a general decrease in sentiment.
Dogecoin (DOGE)
Dogecoin (DOGE) has dropped to its lowest point since January 2000, with the highest point on average being $0.08084 on Thursday. At the time of writing, the DOGE/USD has fallen to $0.07424, a clear sign of bearish momentum.
The meme coin’s value has decreased to its most degraded level in the last 10 years, with key support points seen during the sell-off of January 9.
