Dogecoin’s price declined to $0.13721 after a brief rally, trading below its December peak of $0.15209 as market conditions remained unfavorable. Traders cited ongoing negative funding rates and notable resistance levels weighing on the meme coin.
Separately, a proposed U.S. Senate bill would alter the regulatory framework for cryptocurrencies. The legislation would place Dogecoin alongside Bitcoin and Ethereum in terms of regulatory treatment.
Dogecoin slipped to $0.13721 after a brief rally, extending a softer price action as traders cited ongoing negative funding rates and notable resistance levels weighing on the meme coin. The token traded below its December high of $0.15209, reflecting a cautious market environment.
Separately, a proposed U.S. Senate bill would alter the regulatory framework for cryptocurrencies. The legislation would place Dogecoin alongside Bitcoin and Ethereum in terms of regulatory treatment, signaling a broader shift in how digital assets are overseen.
Regulators’ moves could influence risk premia, liquidity, and overall market sentiment. The exact scope and timeline of any regulatory action remain uncertain, leaving investors to balance regulatory risk with opportunity.
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