DOGE Surges 2.79% in 24 Hours as Trading Volume Tops $7B Amid Regulatory Buzz

Dogecoin (DOGEUSDT) experienced a notable price increase in the last 24 hours, with the current price at 0.24168 USDT, reflecting a 2.79% rise from the 24-hour open of 0.23511 USDT. The surge in price and trading volume is primarily attributed to heightened market activity following reports of potential regulatory changes, including the U.S. SEC chair considering an "Innovation Exemption" for cryptocurrencies and discussions about expanding access to alternative investments in retirement markets. Additional bullish sentiment has been driven by technical analyses indicating strong upward momentum, increased accumulation by large holders, and positive market trends across the broader cryptocurrency sector.

In the past 24 hours, Dogecoin's trading volume surpassed $7 billion, and the price ranged between approximately $0.20779 and $0.25420. The asset has gained over 26% in the last week and more than 45% in the past month, with a current market capitalization of around $38.52 billion and a circulating supply of about 150.15 billion DOGE.