It seems unlikely most of the cryptocurrency markets will bounce back as long as Bitcoin remains in the red. The world’s leading cryptocurrency drags all other markets down with it once again, which creates some very uneasy market momentum. During times like these, the Dogecoin price usually makes a stand, yet it seems incapable of doing so this time around.
Dogecoin Price Tries to Hold the Line
It is only normal to see most of the altcoins on the market struggle when Bitcoin is in the red. Even though not all markets derive value from Bitcoin directly, it seems none can escape the negative pressure which ensues when Bitcoin is bleeding value. Dogecoin is usually a very resilient market in this regard, but it too suffers from minor setbacks all across the board.
To be more specific, the Dogecoin price has dropped by another 2% to $0.0028. This value is still pretty solid where Dogecoin is concerned, although one has to wonder how long it can be sustained for. In terms of DOGE/BTC, things are not looking all that…