Reasons Behind Dogecoin's Decline Today

Written by Emily J. Thompson, Senior Investment Analyst

Source: NASDAQ.COM

Updated: Oct 09 2025

0mins

Source: NASDAQ.COM

Cryptocurrency Market Reaction: Cryptocurrencies, including Dogecoin, experienced a decline, likely influenced by hawkish comments from the Federal Reserve regarding interest rates and inflation, with Dogecoin falling approximately 5.5%.
U.S. Dollar and Fed's Stance: The U.S. dollar has been rising as the Fed expresses concerns about inflation and the labor market, indicating a commitment to maintaining maximum employment while targeting a 2% inflation rate, which may impact future rate cuts.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Reasons Behind Dogecoin's Decline Today

About the author

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