Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K
Bitcoin (BTC) rose to a three-month high on Monday, approaching the $70,000 level and moving to within about 5% of its record high of $73,700 from last March.
BTC advanced 3% over the past 24 hours, changing hands at $69,800, while the CoinDesk 20 Index, which tracks the performance of 20 large-cap tokens, managed a more modest 1% gain during the same period. Ethereum's ether (ETH) was up 0.5%, while native tokens of Polygon (POL), Near (NEAR) and Hedera (HBAR) dragged the index lower.
It was dogecoin {DOGE}} that defied the broadly lagging altcoin market, surging 10% during the day, as the token attracted trader attention after being mentioned during a Donald Trump campaign event on Sunday.
