The cryptocurrency market experienced a sharp decline after U.S. President Donald Trump hinted at a possible recession, triggering panic among investors.
Bitcoin lost 8% of its value and dropped to $79,177, leading to massive liquidations.
XRP dropped to $2.06 and Dogecoin decreased to $0.16401 as a result of the market crash.
Despite the market downturn, Dogecoin whales bought 1.7 billion DOGE, suggesting a positive sentiment from big investors towards the meme coin.