DOGE Surges 2.79% Amid $10.6K Liquidation, High Volume, and Buenos Aires Tax Adoption

Dogecoin (DOGEUSDT) experienced notable volatility over the past 24 hours, with the price rising 2.79% to $0.13210 as reported by Binance. This price movement is attributed to broader market dynamics, including a general downturn among major cryptocurrencies and active trading, as well as recent long liquidations such as a $10.6K event at $0.1285. Despite the wider "crypto bloodbath" impacting Bitcoin and Ethereum, Dogecoin saw brief upward momentum amid reports of institutional accumulation and increased adoption, such as its acceptance for taxes in Buenos Aires. Trading volume remained high at approximately $1.07 billion, with Dogecoin holding a market capitalization near $20 billion and ranking as the 9th largest cryptocurrency. The asset is consolidating below key resistance levels, with technical indicators suggesting ongoing attention from traders.