Bitcoin Stabilizes While Altcoins Decline: Dogecoin Faces Potential Loss Amid SEC Scrutiny

While Bitcoin tries to maintain its price stability, the selling pressure continues in altcoins. Particularly those in the crosshairs of the U.S. Securities and Exchange Commission (SEC). Altcoins refreshing their lows of 2023, or nearing those levels, face the possibility of further loss. Investors remain anxious, fearing the continuation of the SEC lawsuit by the US Department of Justice. Dogecoin (DOGE) Dogecoin (DOGE) started the week with turbulence. After a quick recovery to $0.072 on Tuesday, the ongoing FUD pushed the price back to $0.065. Dogecoin (DOGE), the world’s largest memecoin by market value, was significantly affected by the FUD spread in the media following the SEC’s lawsuit against major exchanges. On-chain data indicate that Dogecoin’s long-term investors remain steady. Dogecoin’s social sentiment is also in the negative. Santiment’s Social Volume metric, which tracks market sentiment by monitoring mentions of a project on Twitter and other relevant crypto media channels, […] The post Bitcoin Stabilizes While Altcoins Decline: Dogecoin Faces Potential Loss Amid SEC Scrutiny appeared first on COINTURK NEWS.