DOGE Surges 14.81% as Bit Origin Treasury Move and U.S. Crypto Bills Ignite Trading Frenzy

Dogecoin (DOGEUSDT) has experienced a notable price increase of 14.81% over the past 24 hours, with the current price at $0.24045 according to Binance data. This surge is primarily attributed to two key factors: Bit Origin’s announcement of plans to raise up to $500 million to establish Dogecoin as a core corporate treasury asset, and the passage of three cryptocurrency-related bills by the U.S. House of Representatives, which is expected to provide greater regulatory clarity and encourage institutional participation. These developments have driven heightened market interest, as reflected in an 18% rise in DOGE futures open interest and a 90% increase in spot trading volume over the past week. Dogecoin’s market capitalization stands at approximately $35.68 billion, with a 24-hour trading volume exceeding $4.5 billion, reinforcing its position as the 8th largest cryptocurrency by market cap and highlighting strong recent momentum.