---
title: "Dogecoin Surges as White House Crypto Summit Fuels Crypto Sector Rally"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296529563.md"
description: "Dogecoin surged over 14% to 8 cents, driven by a White House crypto summit hosted by President Trump and renewed calls for regulatory reform. The event triggered a broader digital asset rally, with Bitcoin surpassing $72,000. Increased speculative momentum is evident in rising perpetual futures open interest, while co-founder Billy Markus highlighted the sharp market recovery on social media."
datetime: "2026-08-20T18:45:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296529563.md)
  - [en](https://longbridge.com/en/news/296529563.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296529563.md)
generator: "portal-rs"
---

# Dogecoin Surges as White House Crypto Summit Fuels Crypto Sector Rally

**Dogecoin** (CRYPTO: DOGE) is surging Thursday afternoon as speculative momentum builds across digital asset markets.

-   Dogecoin is surging Thursday. Where is Dogecoin headed?

## Crypto Summit, **Social Sentiment Propels DOGE Above** 8 Cents

The primary catalyst lifting the sector stems from Wednesday’s high-profile White House crypto summit hosted by President **Donald Trump**. Trump’s renewed call for federal regulatory reform and support for the CLARITY Act propelled **Bitcoin** (CRYPTO: BTC) past $72,000, triggering a rally across top altcoins.

Compounding macro tailwinds, Dogecoin experienced a sharp rise in trader positioning early Thursday morning. On-chain derivative data from crypto analytics platform **Coinglass** shows perpetual futures open interest recently climbing to 17.2 billion DOGE, signaling fresh leveraged capital entering the market.

Capturing the sudden shift in sentiment, Dogecoin co-founder **Billy Markus** took to social media late Wednesday night following the summit to highlight the sharp, across-the-board green recovery after months of subdued crypto price action.

> is crypto back!?!?!?!?!  
>   
> is the 2026 nightmare over?!?!!? pic.twitter.com/UoMYlciTwc
> 
> — Shibetoshi Nakamoto (@BillyM2k) August 19, 2026

## DOGE Surges Thursday Afternoon

**DOGE Price Action:** Dogecoin is trading higher by 14.39% to 8 cents Thursday afternoon.

*Image: Shutterstock*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**