{"id":16274,"date":"2022-05-09T15:21:38","date_gmt":"2022-05-09T15:21:38","guid":{"rendered":"http:\/\/egrowonline.com\/?p=16274"},"modified":"2022-05-09T15:21:38","modified_gmt":"2022-05-09T15:21:38","slug":"why-dogecoin-is-diving-today","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=16274","title":{"rendered":"Why Dogecoin Is Diving Today"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"core-block\">Shares of several popular altcoins, including <strong>Dogecoin<\/strong> <span class=\"ticker\" data-ticker=\"DOGE\/USD\" data-exchange=\"CRYPTO\">DOGE\/USD<\/span>, are trading lower in sympathy with apex cryptocurrency <strong>Bitcoin<\/strong> <span class=\"ticker\" data-ticker=\"BTC\/USD\" data-exchange=\"CRYPTO\">BTC\/USD<\/span> and second-largest market cap crypto <strong>Ethereum<\/strong> <span class=\"ticker\" data-ticker=\"ETH\/USD\" data-exchange=\"CRYPTO\">ETH\/USD<\/span>. The weakness for the broader crypto sector is in sympathy with the overall stock market as traders continue to digest last Wednesday&#8217;s Fed rate hike announcement.<\/p>\n<p class=\"core-block\">Cryptocurrencies have been seen by some investors as a speculative hedge against inflation and the Fed&#8217;s plans to curb inflation could weigh on the broader <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/money\/best-cryptocurrency\/\" rel=\"noopener\">cryptocurrency<\/a> sector.\u00a0<\/p>\n<p class=\"core-block\">The Federal Reserve last Wednesday raised its target fed funds rate by 0.5% on Wednesday to a new range of between 0.75% and 1.0%, its first rate hike of at least half a percentage point in more than 20 years.<\/p>\n<p class=\"core-block\">According to data from Benzinga Pro, Dogecoin is trading lower by 5.08% to the $0.116-level Monday morning. Dogecoin is also lower by 17.88% over the trailing month amid ongoing weakness in the broader <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/money\/best-cryptocurrency\/\" rel=\"noopener\">cryptocurrency<\/a> market.<\/p>\n<p class=\"core-block\"><em>See Also: <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/tech\/22\/05\/27067647\/apple-planning-a-instacart-like-service-and-this-is-how-it-will-likely-differentiate-the-offering\" rel=\"noopener\">Apple Said To Be Planning Instacart-Like Service And This Would Be The X Factor<\/a><\/em><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/05\/27073706\/why-dogecoin-is-diving-today\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of several popular altcoins, including Dogecoin DOGE\/USD, are trading lower in sympathy with apex cryptocurrency Bitcoin BTC\/USD and second-largest market cap crypto Ethereum ETH\/USD. The weakness for the broader crypto sector is in sympathy with the overall stock market as traders continue to digest last Wednesday&#8217;s Fed rate hike announcement. Cryptocurrencies have been seen [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[3827,85,446],"class_list":["post-16274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-diving","tag-dogecoin","tag-today"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/6_0.png","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16274"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16274\/revisions"}],"predecessor-version":[{"id":16276,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16274\/revisions\/16276"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/16275"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16274"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}