DOGE Surges 8.23% on $1 Billion Volume as ETF Speculation Fuels Renewed Market Interest

Dogecoin (DOGEUSDT) has experienced notable volatility in the past 24 hours, with the price rising 8.23% to $0.17113 according to Binance data. This price increase follows heightened trading activity, with 24-hour trading volume reaching approximately $1.02 billion to $1.16 billion and market capitalization around $25.5 billion. The recent price movement is attributed to increased market speculation, active discussions among traders, and anticipation around potential developments such as a Spot Dogecoin ETF filing by Bitwise. Technical analysis highlights that Dogecoin has rebounded from key support levels, while broader market trends show Bitcoin maintaining strength and traders rotating positions among major altcoins. The circulating supply remains near 150 billion DOGE, with no maximum cap. Overall, Dogecoin is trading higher on strong volume, driven by renewed interest and ongoing speculation in the crypto market.