DOGE Surges 8% as Institutional Investments and Fed Rate Cut Signals Drive $4.95B Trading Volume

Dogecoin (DOGEUSDT) has experienced an 8.05% price increase in the last 24 hours, currently trading at $0.23442 on Binance. This upward movement is primarily attributed to bullish macroeconomic signals, including Federal Reserve Chair Jerome Powell's speech suggesting a potential interest rate cut, as well as increased institutional interest highlighted by Hyper Bit Technologies' acquisition of Dogecoin Mining Technologies Corp. Additionally, large wallets have accumulated billions of DOGE, and Bit Origin announced a $500 million investment, further supporting positive sentiment. Dogecoin's market activity remains robust, with a 24-hour trading volume of approximately $4.95 billion and a market capitalization near $35 billion, reflecting strong user adoption and heightened investor engagement.