crypto

Toby Bochan11/11/24

Dogecoin hits 2024 high

While President-elect Donald Trump has brought a lot of attention and enthusiasm to the original cryptocurrency, bitcoin — which has soared past a new record high of $87,000 — Elon Musk’s favorite meme coin, dogecoin, is also enjoying a massive post-Election Day rally.

Today dogecoin’s price rose to over $0.30 for the first time in over three years and has seen over $18 billion in trading volume in the past 24 hours, according to CoinMarketCap.

Musk has long been a fan of the meme coin, and called himself the “dogefather” in his 2021 SNL appearance. His enthusiasm for the coin has pumped the price before, as in 2022 when he announced that customers could purchase Tesla merch with doge, sending the price up 15%.

His current relationship with Trump and the possibility of him taking a role in the administration as head of the “Department of Government Efficiency” — or, that’s right, DOGE — is sending the coin once again to the moon.

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Yaël Bizouati-Kennedy

Bitcoin continues its winning streak as ETFs see largest inflows since October

One expert noted that in the short term, a critical level to watch for bitcoin is $107,500, while another expressed optimism for the asset to rise to $130,000 this quarter.

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BitMine makes smallest purchase of ethereum as asset rises in the new year

Last week, BitMine accrued 32,977 ethereum tokens, bringing its total to over 4.1 million, more than double the combined stockpile of the next 10 ethereum treasury companies.

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crypto

Sage D. Young1/2/26

Meme coins are low-key back to start the year, with pepe taking the early lead in 2026 gains

The meme-based pepe is the fastest horse in the crypto race in the new year so far, with the price of the cryptocurrency increasing 34% in the last 24 hours.

The price swing resulted in the liquidation of nearly $9.9 million worth of pepe short positions in the last 24 hours, data from CoinGlass shows.

The frog-based coin has seen a 24-hour trading volume of nearly $1.6 billion and is not the only meme coin outpacing the broader crypto market.

Dogecoin, shiba inu, and PUMP have each risen between 8.4% and 10.9% in the last 24 hours, joining pepe as the top gainers in the period, a sign of life for meme tokens, which as a category lost more than half their value last year.

Yaël Bizouati-Kennedy

Citi analysts set bitcoin bull case at $189,000 in 2026

Citi’s base case 12-month forecast for bitcoin is $143,000, which is well above the asset’s current all-time high.

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