Dogecoin Falls by 4% in 24h as Crypto Market Lost $200bn
Dogecoin (DOGEUSD) has lost 4% in the last 24 hours as extreme fear fuelling the selloffs in the cryptocurrency market. Price has declined to $0.1045 at the time of writing the news report, amidst 61% increase in trading volume to $2.42 billion on Sunday.
The price decline has extended its weekly negative run above 14% as altcoins came under intense sell pressure again on Sunday.
According to trading data, today’s price decline extends DOGE’s weekly loss to 14.05% at the press time. The market value of cryptocurrencies is down to $2.63 trillion as investors rotate positions.
The crypto market lost $200 billion on Feb 1, 2026, as Bitcoin plunged 12% to $75k – its lowest since April 2025. Ethereum is down by 13%, XRP has lost-10%, and DOGE mirrored this drop, indicating systemic risk aversion.
DOGE’s 96% correlation with Bitcoin makes it vulnerable to broad market downdrafts, with data showing Fear/Greed Index at “Extreme Fear”, confirming panic-driven selling across crypto.
Over $2.5 billion in crypto positions were liquidated in the latest round of selloffs, with DOGE longs accounting for $13 million+ in losses in hours.
Liquidations create reflexive selling pressure – as prices fall, leveraged positions get liquidated, triggering more selling. High DOGE futures volume totalling $200 million on BitMEX amplified this effect.
DOGE broke below key support at $0.11, stemming from macro crypto weakness compounded by liquidations and poor technical structure. The absence of coin-specific catalysts left it exposed to market forces. BTCUSD Falls to $88k as Transatlantic Stokes ETF Outflow
