Why Dogecoin (DOGE) Is Getting Obliterated This Week

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Dogecoin (CRYPTO: DOGE) is trading lower by 5% to $0.067 Wednesday afternoon on downward momentum. The popular altcoin first experienced a pullback and fell Tuesday amid overall market weakness following weak economic data out of China, which has caused global macro pressures. Additionally, the financial sector fell Tuesday after Fitch said it may be forced to downgrade additional banks. Weakness in Dogecoin also comes despite news of Jacobi Asset Management listing Europe’s inaugural spot Bitcoin exchange-traded fund (ETF) on Euronext Amsterdam. Why It Matters Cryptocurrency markets are sensi…

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