DOGE Dips 2.5% Amid Market Volatility as Trading Volume Tops $1 Billion and ETF News Unfolds

Dogecoin (DOGE) is trading at $0.16249 on Binance, down 2.50% over the past 24 hours from an open of $0.16665. The recent price decline can be attributed to broader market volatility and profit-taking following a period of heightened speculation, including news of Bitwise amending its Spot DOGE ETF filing and the launch of X Payments beta testing, which previously drove short-term surges in trading activity and price. Despite these developments, DOGE's price has shown increased correlation with Bitcoin and less sensitivity to individual influencers, reflecting a shift toward broader market dynamics. Trading volume over the past 24 hours remains robust, ranging from $867 million to $1.13 billion across sources, with market capitalization around $24 billion and a circulating supply of approximately 149.8 billion DOGE. Overall, DOGE is experiencing typical market volatility, with recent news and technical factors contributing to short-term price movements.