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Dogecoin leads market rebound with 15% pump, bitcoin steady above $85,000

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Dogecoin leads market rebound with 15% pump, bitcoin steady above $85,000. (Shaurya Malwa/CoinDesk)

DOGE rose more than 15% to above 10 cents as of Tuesday Asian morning hours, the largest gain among major tokens, CoinDesk data show.

Key facts

Summary

Dogecoin surged more than 15% to above 10 cents, leading gains among major cryptocurrencies, while Bitcoin held above $85,600 after rising about 5% over 24 hours. More than $1 billion in crypto positions were liquidated over the past day, including $844 million in bearish bets, suggesting further gains will depend on new buying rather than a continued short squeeze. Asian stocks advanced as enthusiasm for artificial intelligence lifted chipmakers, with Meta’s Muse agent gaining traction and AMD briefly surpassing $1 trillion in market value. Bitcoin held above $85,600, flat over the past hour after adding roughly 5% over 24 hours.

Read full article at CoinDesk →

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