Dogecoin (DOGE) continued its downward trend this week, falling 18% between June 1 and June 6 to trade around $0.082. The decline comes despite growing attention around SpaceXs highly anticipated IPO scheduled for June 12, an event that some investors expected would boost interest in the popular meme coin. DOGE briefly dropped to $0.07 on June 6, marking its lowest level since February 2024. The sell-off was largely driven by broader weakness across the cryptocurrency market after Bitcoin temporarily fell below $60,000 on June 5. The sharp decline in Bitcoin triggered fear among traders,… Read more
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