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Dogecoin (DOGE) Joins GameStop-Induced Rally with 10% Surge

Dogecoin (DOGE), the meme-inspired cryptocurrency, has joined the recent market rally triggered by the GameStop frenzy, experiencing a notable surge of 10%. This surge comes amidst heightened interest and volatility in the cryptocurrency market, fueled by a combination of social media hype and retail investor enthusiasm.

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Dogecoin (DOGE), the meme-inspired cryptocurrency, has joined the recent market rally triggered by the GameStop frenzy, experiencing a notable surge of 10%. This surge comes amidst heightened interest and volatility in the cryptocurrency market, fueled by a combination of social media hype and retail investor enthusiasm.

The surge in Dogecoin’s price follows a pattern observed in other meme-inspired assets, such as GameStop (GME) and AMC Entertainment (AMC), which saw unprecedented price spikes driven by retail investor activity and coordinated buying campaigns on social media platforms like Reddit’s WallStreetBets.

Dogecoin, originally created as a lighthearted joke based on the popular “Doge” meme, has gained a cult following in the cryptocurrency community over the years. Despite its origins, Dogecoin has managed to carve out a niche for itself as a fun and accessible digital currency, often used for tipping and charitable donations.

The recent surge in Dogecoin’s price reflects the growing influence of retail investors and social media communities in shaping market trends. The involvement of retail traders in driving up the prices of meme-inspired assets highlights the power of collective action and the democratization of finance through platforms like Reddit and Twitter.

While some skeptics question the sustainability of the rally and warn of potential risks associated with speculative trading, others see it as a reflection of the changing dynamics of the financial markets. The rise of meme stocks and cryptocurrencies underscores the growing influence of online communities in challenging traditional norms and disrupting established institutions.

As Dogecoin continues to ride the wave of the GameStop-induced rally, investors and traders are advised to exercise caution and conduct thorough research before participating in the market. While the excitement surrounding meme-inspired assets can be infectious, it is important to approach trading with a clear understanding of the risks involved and to make informed decisions.

In conclusion, Dogecoin’s 10% surge amidst the GameStop-induced rally highlights the evolving nature of the cryptocurrency market and the increasing influence of retail investors and social media communities. As the market continues to evolve, it remains to be seen how regulators and traditional financial institutions will respond to these new dynamics and the challenges they pose to the status quo.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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