Dogecoin (DOGE) is paring losses around the daily open of $0.0935 on Friday, as cryptocurrencies post mild gains following a widespread pullback, driven by sentiment-related volatility stemming from the Middle East war and the hawkish stance of the Federal Reserve (Fed) on interest rate cuts in 2026
Dogecoin (DOGE) declines for the second consecutive day, trading above $0.090 at the time of writing on Friday. The meme coin peaked at a weekly high of $0.104 on Wednesday but has since been overwhelmed by volatility amid risk-off sentiment driven by the United States (US)-Israel-Iran war.
Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE), are trading in the red on Wednesday, extending losses under pressure. Meme coins face significant downside risk amid the ongoing bear market, given their heightened speculative nature.