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Dogecoin cryptocurrency slumps after hashtag-fueled surge to record high

Anna Irrera, Tom Wilson, & Gertrude Chavez-Dreyfuss | Yahoo Finance | Apr 20th, 2021
Category: Financial News

Meme-based cryptocurrency Dogecoin fell on Tuesday after hitting an all-time high in a wild session that saw supporters of the token once considered a parody use hashtags to fuel a rally until it lost steam.

Dogecoin ultimately fell 15.4% to US$0.33, but during the session when it hit a record peak, its market capitalization soared to more than $50 billion. After the slump, its market cap dropped roughly $45 billion, according to coinmarketcap.com.

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