Why Did Dogecoin (DOGE) Jump Today?
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Dogecoin (DOGE) surged 7.8% as investors anticipate lower interest rates and two successful crypto-related IPOs. The S&P 500 remained stable while the Nasdaq Composite gained 0.4%. The Federal Reserve is expected to cut rates due to a weakening job market, benefiting higher-risk assets like Dogecoin. Recent IPOs, including Figure Technology Solutions and Gemini Space Station, have boosted market confidence in crypto investing. However, Dogecoin's value is highly volatile and driven by market sentiment rather than utility.
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