Dogecoin Surges 3.95% as 21Shares ETF Launch Drives $1 Billion in Trading Volume

Dogecoin (DOGEUSDT) has experienced a 3.95% price increase over the past 24 hours, rising from 0.12215 to 0.12697 on Binance. This uptick is primarily attributed to renewed bullish sentiment as Dogecoin trades above key short-term moving averages and order books indicate strong buy-side interest. The recent launch of the SEC-approved 21Shares Dogecoin ETF (TDOG) on Nasdaq has also contributed to increased institutional attention, supporting higher trading volume and market stability. Dogecoin's 24-hour trading volume surged to over $1.07 billion, with the market capitalization now around $21.13 billion, reflecting strong activity amid broader market movements and a notable rally in major cryptocurrencies such as Bitcoin.